Euro
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Investors have shown preference for ethically themed covered bonds as subscription ratios rocket -
Cost of long dated funding in euros very attractive compared to sterling
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New issue concessions rising as inflation soars
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Long end covered bonds lure investors with both absolute yield and spread attraction
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The new deal expands further Austrian banks’ multi-year high covered bond issuance
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Southern European sovereign among issuers waiting for EU to come next week
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US bank offers ‘new issue premium bookend’ for expected May supply rush
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Austrian covered bond issuers enjoying primary market
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ESG label helps issuer attract second highest covered bond subscription ratio this year
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Senior FIG new issue premiums unlikely to widen if yields remain high
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Investors at risk of sizeable mark-to-market losses on sovereign bonds if bar to ECB intervention remains this high
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The German insurer is set to revisit the market later this month
