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◆ Trade the tightest in euros since early April ◆ Single digit concession paid ◆ Deal comes close to SSA curves
◆ Deal was Sparkasse Hannover's second in benchmark format ◆ Domestic demand drives deal but some international accounts take part ◆ Next to no premium paid
◆ Deal lands close to fair value ◆ Demand holds firm despite 7bp spread move ◆ CEE a 'growing' market for covered bonds
Sub-sections
Sub-sections
Deal reviews
◆ Trade the tightest in euros since early April ◆ Single digit concession paid ◆ Deal comes close to SSA curves
◆ Deal was Sparkasse Hannover's second in benchmark format ◆ Domestic demand drives deal but some international accounts take part ◆ Next to no premium paid
◆ Deal lands close to fair value ◆ Demand holds firm despite 7bp spread move ◆ CEE a 'growing' market for covered bonds
◆ UBS's covered programme now 'well-known' a year after launch ◆ Investors like the chance to pick up triple-A rated Swiss risk in euros ◆ Premium needed for contractual structure
Opinion
The processes of choosing a new Pope and someone to run Crédit Agricole’s CIB may have more in common than you think
Non-UK names offer sterling investors depth and diversity
When it seems as if it is only short-term survival that matters, the best bankers don’t lose sight of the distant horizon
Flash signs that financial markets were heading for a funding crisis are what spooked traders
Analysis
The potential for further Trump-induced volatility leaves issuers saving covered bonds for even rainier days
Favourable factors support long dated issuance in both senior and covered bonds despite the divergent fates of issuers in the two markets
Africa’s first covered bonds could appear in the coming months
Pipeline still bottled up but deals could flow once first issuers shake themselves out
More articles
More articles
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Credit market conditions strong as rates demand slows -
◆ Rates and geopolitical volatility weigh on investor sentiment ◆ Fast money investors show price sensitivity ◆ Low single digit premium paid
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