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The covered bond market gathered in Seville to celebrate its standout deals, institutions and individuals
Two consent solicitations would restructure programme after acquisition last year
Downgrade 'pretty much priced in' for French bank and covered paper
Sub-sections
Sub-sections
Deal reviews
◆ Second Friday print in two weeks ◆ Dynamics suggest repricing is almost completed ◆ No premium paid to recent UK building society prints
◆ 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
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
Downgrade 'pretty much priced in' for French bank and covered paper
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
More articles
More articles
More from covered bonds
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When you reflect on your banking career — the thousands of pitch books, the countless analyses, iterations, scenarios, recommendations, and timetables — the gnawing question is whether you ever really added any value. Were you a strategic advisor and master tactician or just a Willy Loman with more air miles? -
◆ Deal lands flat to recent Pfandbriefe ◆ No concession needed ◆ Tight domestic spreads drive Nordic investors towards euro prints
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Deal set to be the longest euro covered bond since May last year
