Euro
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Spanish covered bonds to metamorphosise in a little over six weeks
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Biggest bank in the world by assets raised over $2.5bn from a four currency five-tranche deal
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Japanese issuer gets €1bn deal away but investor attention looked to be elsewhere
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Deutsche Pfandbriefbank eschews tier two refi in favour of extension
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Differentiating itself from the competing FIG supply, the Dutch bank revives long dated bank issuance in euros
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SSA issuers stretch into new currencies in what is expected to be a growing trend
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Undersupplied five year point the ‘sweet spot’ for covered deals
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Investors gobble up green deal despite it being more expensive than shorter debt from same issuer
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Southern European issuer has simple time in the market despite money tightening fears
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Insurer pair turn to sub debt to finance upcoming redemptions and tenders
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Some investors are waiting for covered bond spreads to widen before jumping into the primary market
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Fixed and floating rate bank issuance in euros picks up pace