Top section
Top section
Tight spreads are offering attractive funding climate for foreign as well as diverse US financial institutions, including those exposed to private credit
◆ First FIG sterling deal in a month ◆ 'Staggering' £4.2bn book from global accounts ◆ Door open for future sterling issuance
Researcher is one of the covered bond industry's most celebrated analysts after 16 years at the French bank
Data
Borrowers want to issue and spreads are tight, but execution windows are very unreliable
Tightening absolute and relative valuations have raised some concerns, but FIG assets remain in vogue thanks to higher rates
Funding across all parts of the capital structure is available with issuers likely to prioritise unsecured borrowing
With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
International issuers look to Swissies for diversification, even if costs are higher -
Burst of deals this year in uneven market suggests investors want alternatives to Treasuries
-
Higher dollar yields dampen some of the callable demand
-
The deal is backed by mortgages originated by Quantum Mortgages
-
Santander also priced what looks to be the only euro ABS deal this week
-
Spreads are back at pre-Iran war levels, but still offer a premium to western Europe
Polls and awards
The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
Don't miss your chance to choose this year's Bond Award winners
The covered bond market gathered in Seville to celebrate its standout deals, institutions and individuals
Last chance to vote for the best winning deals, individuals and organisations in the covered bond market
Sub-sections
Comment