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Latest News
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Wuestenrot visits MTNs ahead of senior debut
Bausparkasse Wuestenrot dropped into the MTN market in search of covered debt earlier this week, ahead of its forthcoming debut public senior deal.
14 May 2021 -
Landshypotek prints covered trio
Landshypotek Bank sold a trio of covered bonds in the MTN market this week, including its largest single tranche deal since April last year.
14 May 2021 -
ASB's covered deal demonstrates commitment, says Bhindi
Tuesday's €750m 10 year covered bond from ASB Finance demonstrated commitment to the market according to the bank's Treasurer, Chandu Bhindi, who spoke to GlobalCapital about the deal on Thursday.
14 May 2021 -
Oerlikon goes big with 'remarkable' triple tranche
Triple-B credit OC Oerlikon achieved a remarkable result on Monday, said bankers, as it issued a Sfr575m three tranche deal, which it will use to fund its acquisition of INglass. It was joined on screens by Pfandbriefbank's smallest deal since 2019.
13 May 2021 -
ASB re-engages with covered bond investors
Commonwealth Bank of Australia's New Zealand subsidiary ASB Finance issued its largest covered bond on Tuesday, the first 10 year from New Zealand and the first covered bond from the country since January 2019. The focus for this week’s transaction was all about re-engaging with investors, said ASB Bank treasurer, Chandu Bhindi.
13 May 2021 -
Pfandbrief duo draw excellent demand
Berlin Hyp and HVB took advantage of strong market conditions this week to issue to highly successful Pfandbriefe.
13 May 2021 -
EBA consultation may impact property markets
A draft regulatory technical standard (RTS) assessing risk weights and loss given default of mortgage risk, which the European Banking Authority has opened a consultation on, should give discretionary power to member states, said a lawyer on Thursday.
13 May 2021 -
Swiss Pfandbriefbank sells smallest deal since 2019
Pfandbriefbank Schweizerischer Hypothekarinstitute priced its smallest deal in 18 months this week, attracting several international accounts to a tightly priced Sfr350m ($385.8m) note.
13 May 2021 -
Covered bonds exceed Laurentian’s hopes
GlobalCapital talked to Sarim Farooqi, senior vice-president and treasurer at Laurentian Bank, about the issuer’s recent C$250m five year debut covered bond, established under its new C$2bn covered bond programme, and what the bank’s next moves in the covered bond market could be.
12 May 2021 -
HVB enjoys outstanding demand, pays rare Pfandbrief premium
UniCredit’s German subsidiary, HVB, enjoyed a stunning investor reception for its negative yielding eight year Pfandbrief that was issued on Wednesday, thanks to the lack of supply this year, the small but rare premium on offer and the superb market conditions.
12 May 2021 -
ECB's covered bond exposure shifts away from southern Europe
The European Central Bank is struggling to maintain its exposure to peripheral European covered bonds this year, due to falling issuance, and has therefore increased its exposure to core European markets. This trend is set to continue, as supply will remain muted — even though banks are running out of eligible collateral to pledge for repo funding.
11 May 2021 -
Berlin Hyp's juicy Pfandbrief benefits from steep curve
Berlin Hyp took advantage of its flat covered bond credit curve and the steepness of the interest rate curve to issue a high yielding 12 year mortgage Pfandbrief on Tuesday, in a larger than usual size.
11 May 2021 -
ASB hits covered bond jackpot as investors warm to NZ pick-up
Commonwealth Bank of Australia's New Zealand subsidiary ASB Finance issued its largest covered bond on Tuesday, the first 10 year from New Zealand and the first covered bond from the country since January 2019.
11 May 2021 -
PMM: SSA boom is back as issuers price tight
SSA issuers are flocking back to the dollar and euro market this week after seemingly just pausing for breath over the last two weeks, when deals were thin on the ground with many of the top tier names well ahead on their funding rates. They will be hoping to match a trend from last week, where conditions approved across most markets.
11 May 2021 -
Sparkasse Holstein gets Pfandbrief rating
Sparkasse Holstein has obtained a provisional rating from DBRS for its mortgage Pfandbriefe, though whether this leads to distributed issuance remains to be seen.
10 May 2021
