Covered Bonds

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  • Landshypotek prints covered trio

    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.

  • Oerlikon goes big with 'remarkable' triple tranche

    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.

  • ASB re-engages with covered bond investors

    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.

  • EBA consultation may impact property markets

    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.

  • 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.

  • HVB enjoys outstanding demand, pays rare Pfandbrief premium

    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.

  • ECB's covered bond exposure shifts away from southern Europe

    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.

  • PMM: SSA boom is back as issuers price tight

    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.

  • 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.

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THE EUROMONEY ECBC VIRTUAL COVERED BOND CONGRESS 2020

  • Covered bond conference 

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  • On September 9-10, 2020 Euromoney and the ECBC hosted the eighteenth annual meeting for the international covered bond market, virtually.

  • Key figures:

    • 3,030 hours spent on the platform
    • An average 4.30 hours spent on the platform by each delegate
    • 740 unique visitors from 40 countries
    • 35,000 visits to the platform

    To find out more and watch the sessions, click here 

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