Euro

Provincial issuer grabs one of the biggest order books among the Canadians this year

Landesbank Berlin’s sub-benchmark print to provide the next 10 year test

Calculating concessions ‘the only real challenge’ in red hot covered bond market

◆ All issuers complete deals with seemingly no competition among them ◆ Three banks choose short and mid range maturities to tap different investors ◆ Market remains receptive for more issuance

Cigarette maker joined by Asahi, Cadent, Duke and Porsche in rip-roaring day

Unrated companies keep trickle of successful bond issues coming

◆ Rival bankers praise deal ◆ Caution as leads ‘don’t have buyers at any price’ ◆ Secondary market performance seen as key to investor appetite

◆ Diverse set of issuers to fund before the ECB on Thursday ◆ Jefferies prepares rare euro deal ◆ Despite rates volatility, the market is open

‘A lot more’ covered bond supply expected ahead of ECB meeting on Thursday

Asset managers less concerned about missing out on covered bonds, argue some bankers, while others highlight the relative value versus SSAs

◆ Investors find tier two FIG debt appealing ◆ Simultaneous execution helped by supply and demand mismatch, ECB rate cut expectations ◆ Both deals land flat to FV with multiple times coverage ratios

Auto company one of raft of IG corporate mandates in ECB meeting week