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DekaBank's sub-benchmark success shows investors are there, but issuers are unwilling to follow
◆ First syndicated covered bond since early July almost four time covered ◆ Deal lands tight but still offers SSA pick-up ◆ RFPs circulate as pipeline builds
Senior funding there for the taking, covered bonds yet to take off — but conditions are great for all
Sub-sections
Sub-sections
Deal reviews
◆ First syndicated covered bond since early July almost four time covered ◆ Deal lands tight but still offers SSA pick-up ◆ RFPs circulate as pipeline builds
Aussie covered supply could rise if proposal to lift cover pool cap passes
◆ 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
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
DekaBank's sub-benchmark success shows investors are there, but issuers are unwilling to follow
Senior funding there for the taking, covered bonds yet to take off — but conditions are great for all
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
More articles
More articles
More from covered bonds
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◆ Book crosses €3bn after 45 minutes ◆ Investors eager to buy any and all covered bonds ◆ Demand allows for next to no premium -
◆ Deal the UK lender's largest since 2010 ◆ Little to no premium paid ◆ UK paper in euros pricing close to EU peers
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No competition expected as investors hunger for covered paper across the curve
