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Which assets will dominate when issuance returns depends on whether borrowers choose to tackle their more difficult trades first
Pfandbrief lender plans only two weeks of marketing, down from the eight needed by KfW
◆ New legislation will drive supply ◆ Covered bonds become a crucial part of Polish funding mix ◆ Up to €1bn of fresh paper expected this year
Data
Sub-sections
Sub-sections
Deal reviews
Deal came flat to recent Pfandbriefe and offered a negative concession
◆ Crédit Mutuel sells first French covered since parliamentary election ◆ French firm goes for size over price ◆ Small premium needed for 'defensive' deal
More deals expected in the coming months as conditions improve
Regular issuer targets more size, but still lands in line with most recent trade from Pfandbriefzentrale
Opinion
Safe senior bonds are all well and good — but refinancing capital will show just how far investors' appetite for property-heavy banks goes
A holiday is supposed to be all about relaxing, letting loose and shaking off the daily grind. But for those in investment banking, planning a getaway is often riddled with work complications. Where you go, when, and what you do can be much more fraught questions for financiers than for others
Communications about capital markets issues like IPOs have to be true — but that does not make them meaningful
It was the best of times, it was the worst of times to execute a deal mandate
Analysis
Pfandbrief lender plans only two weeks of marketing, down from the eight needed by KfW
◆ New legislation will drive supply ◆ Covered bonds become a crucial part of Polish funding mix ◆ Up to €1bn of fresh paper expected this year
French covered bond spreads may be alluring, but issuance will be muted for the rest of the year
◆ Swedish supply down in euros ◆ Domestic market offers better alternative ◆ Euro issuance to pick up in the autumn
More articles
More articles
More from covered bonds
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◆ First Pfandbrief issued under new digital securities law ◆ Cover pool will be signed off on the chain ◆ Pricing expected next month -
◆ Well funded banks in no rush to print ◆ Reporting season, summer holidays dampen supply ◆ 'One or two' frequent names could still print
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New issue premiums are minimal again
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◆ Transaction set to price through BTPs ◆ Social format offers ‘something a bit unique’ ◆ Aareal Bank joins covered pipeline
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◆ MPS to launch a new covered format ◆ Infrequent and higher yielding issuer suggests market is 'stable and open' after French elections ◆ A 'few other' covereds are in the pipeline
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Market awaits EU’s lead once election volatility subsides
