Top section
Top section
◆ First RT1 since January ◆ Huge order book with no attrition ◆ High-beta appetite increases further down the capital structure, lead says
◆ Italian issuer's first covered since June 2023 ◆ Demand for seven year tranche was pleasing, says one banker ◆ Scarcity helped demand for euro transaction
◆ German issuer's covered was 3bp inside previous tightest ◆ Banker said tightest covered for 2.5 years ◆ Third German covered bond this month
Data
Issuers seizing moment as rates stabalise and spreads hold near historic tights but some deals betray signs investors growing sensitive on price
Less frequent issuers making the most of market with strong bid for yieldy assets
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
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
Danish lender builds on recent success of regional peers SEB and DNB -
◆ Funding conditions become even more favourable following the FOMC's decision to stay pat ◆ Deal clears with slim concession of up to 5bp ◆ Good deal results and sentiment could lure Friday issuance
-
Index will use levels from PricingDirect
-
Muted G3 bond flow in Asia ex-Japan highlights problems and stress points
-
◆ ECB terminal rate belief anchors yields and stabilises mood ◆ Bond performance gives confidence ◆ But concerns linger over smaller borrowers' market access
-
Issuers will be hoping to pre-empt January's likely spread widening
Polls and awards
The awards recognise the market's leading deals, issuers, banks and other participants
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
Sub-sections
Comment