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Top section
Most recent
No 'pronounced' pick up to Austrian national champion names expected
No investors involved in Caffil's latest deal mentioned concerns over French risk
Issuers' desire to put covered pre-funding to one side suggests concerns over bumps ahead
Sub-sections
Sub-sections
Deal reviews
◆ Sterling covered market on a 'hot streak' ◆ Strong demand pledged, including international interest ◆ Offshore sterling covered spreads compress
◆ Book grows after spread set ◆ Premium offered to investors ◆ Recent sovereign downgrade not a concern
◆ A bank advised Nationwide of strong fixed sterling bid ◆ RMBS was another option ◆ 'New accounts' participated in deal
◆ Rival bankers call deal 'a great success' ◆ Dollar spread vs euros 'swung back to issuers' ◆ Cost of carry vs locking tight spreads
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
No investors involved in Caffil's latest deal mentioned concerns over French risk
Issuers' desire to put covered pre-funding to one side suggests concerns over bumps ahead
Absence of new bonds to help secondary spreads grind tighter
Five and 10 years more appealing, with ultra-long spreads deemed 'rather costly'
More articles
More articles
More from covered bonds
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Deal will be the first since the Sparebanken Vest and Sparebanken Sor merger -
Recent Slovakian paper to guide pricing for the upcoming Czech deal
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◆ Canadian lender sticks to the plan despite rates volatility ◆ Deal lands close to fair value ◆ Tenor chosen to avoid comparison with Aussies
