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◆ UBS ends 14 month Swiss franc covered absence ◆ Next to no premium paid ◆ Swiss bank has raised AT1, senior unsecured and now covered in the last week
Books bulged in July as investors flocked to the last of the summer deals
Deals up to 20 years could be possible — if issuers are willing to pay some NIP
Sub-sections
Sub-sections
Deal reviews
◆ UBS ends 14 month Swiss franc covered absence ◆ Next to no premium paid ◆ Swiss bank has raised AT1, senior unsecured and now covered in the last week
◆ First offshore deal in sterling since PRA debacle in April ◆ Canadian undersupply driving demand ◆ Euro still better despite the UK Treasury's equivalence plans
German lender finds demand after record-breaking Pfandbriefzentrale deal
◆ Deal attracts more than €10bn ◆ Rarity of name and jurisdiction fuels demand ◆ No premium needed to take size
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
Books bulged in July as investors flocked to the last of the summer deals
Deals up to 20 years could be possible — if issuers are willing to pay some NIP
Second tier issuers already eying September for deals
Long end deals could be on the cards for brave Benelux borrowers
More articles
More articles
More from covered bonds
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Dual tranche deal set to be German lender's last ahead of its integration with LBBW
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French rates risk appetite returns but OAT spreads still a hurdle for covered issuers
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◆ Slim book for German lender ◆ Investors hesitant over spread to SSAs ◆ Single digit concession needed