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Top section
Most recent
◆ Reception for deal marks contrast to FIG credit ◆ New issue premium debated ◆ Tenor important for pick-up over OATs
Scarcity value helps to drive premiums down and cover ratios up
Fee pool dries up as banks take to tech to find candidates but industry figures warn that LinkedIn cannot do it all
Sub-sections
Sub-sections
Deal reviews
◆ Reception for deal marks contrast to FIG credit ◆ New issue premium debated ◆ Tenor important for pick-up over OATs
◆ Sub-benchmark deal garners strong domestic bid ◆ Pick up offered to SSAs and larger deals ◆ Small concession needed to secure long end deal
◆ Trade the first since merger in May ◆ New name appeals to sticky investors ◆ No concession needed to secure size
◆ Largest CEE deal since 2013 ◆ Issuer ends five year absence with tight print ◆ No concerns over French parent
Opinion
◆ Why buy bonds when spreads are so tight ◆ Using tech to unearth new economic signals ◆ Playing the shifting relative value pitch
Diversifying demand... coming inside euros... landing flat to dollars... the UK market looks tasty
Why remembrance of things past will soon include the traditional relationship between French covered and sovereign bonds
The UK will do better with tactical retreats on regulation than risking being outflanked by the US's wildcat banking regime
Analysis
Scarcity value helps to drive premiums down and cover ratios up
Spread convergence between EU and non-EU covered bonds will take time, but is expected
Regulator in favour of equivalence in long awaited report
Downgrade 'pretty much priced in' for French bank and covered paper
More articles
More articles
More from covered bonds
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◆ Deal first in sterling from Australia since late 2024 ◆ Trade prices flat to euros ◆ October redemptions could drive further supply -
◆ Almost €700m of orders lost… ◆ …but deal still prices tight ◆ Trade Commerzbank's third five year this year
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◆ New deal offers half the spread of the last one ◆ Investors pile into rare trade's book ◆ Pick up provided over govvies
