Crédit Agricole

Bankers reach for superlatives as four deals price tightly

◆ Orders pour in, crushing new issue premium ◆ Pricing well through French sovereign ◆ Market warming to longer-dated paper

Middle of next week eyed for first deals of year

Spanish bank's research says heavier-than-normal redemptions in 2026 will pressure euro covered net supply

France’s investment banking market recovered strongly in 2025 but that doesn’t mean domestic banks are happy. The market is super-competitive and US firms are winning many of the best mandates

Steepening swap curve has revived interest in long-dated covereds

None of the four largest covered issuers of 2024 made the top five by deal volume in 2025

Natixis has grown its covered bond business in Australia and the Nordics this year, its head of FIG DCM said

Covered bond redemptions are set to increase by €20bn next year and €30bn in 2027

French bank predicts euro, sterling and dollar issuance will all grow next year

Markets adjust to bumpy French political landscape as it mimics past Italian wobbles

◆ Playing for size at 'defensive' tenor ◆ Some concession paid ◆ Better to print now than in 'crowded' January