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Demand supported by resurgent asset manager bid
Market participants hope more jurisdictions will follow as Canadian duo attract record demand
Paper could arrive on Monday or Tuesday, ahead of flagship covered market event
Sub-sections
Sub-sections
Deal reviews
◆ Deal attracts granular book for a Pfandbrief ◆ Premium paid but outcome still 'fair' ◆ Elsewhere, Finnish sub-benchmark deal proves popular
◆ UK lender builds demand across two legs ◆ Equivalence 'noise' no problem ◆ Canadian paper provides the closest, most recent comparables
◆ German issuer lands €1bn at tightest spread... ◆ ...but still pays a premium ◆ Shorter Pfandbriefe less popular with issuers this year
◆ Scotia moves quickly to tap resurgent sterling market ◆ Trade lands through CIBC and flat to fair value ◆ Confidence returns to sterling covered investor base
Opinion
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
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
Post-management senior positions can be very valuable, but only if handled right
Analysis
Demand supported by resurgent asset manager bid
Market participants hope more jurisdictions will follow as Canadian duo attract record demand
Paper could arrive on Monday or Tuesday, ahead of flagship covered market event
Banks, corporates, even the government find eager buyers
More articles
More articles
More from covered bonds
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◆ 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
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Diversity of deals on offer as recession fears subside
