Latest Covered Bonds news

• NatWest hires covered bond trader

  

  NatWest Markets has hired an experienced covered bond trader from Nomura. The move is the latest example of staff swapping between the two firms, but also underscores the UK’s bank ambitions plans.

  • 18 Apr 2019

• Strasbourg approves the covered bond legislative package

  

  The covered bond industry and the Capital Markets Union (CMU) hit a new milestone on Thursday after the European Parliament’s plenary in Strasbourg adopted the text of the Covered Bond Directive just after midday.

  • 18 Apr 2019

• Hunt for yield as ABN trails MuHyp in 20 year covereds

  ABN Amro tapped into bank investors’ thirst for yield amid low interest rates this week with a 20 year covered bond. The Dutch deal followed a previous 20 year from MünchenerHyp (MuHyp) and comes as European investors are increasingly under pressure to reach for yield.

  • 17 Apr 2019

• Moody’s takes aim at Estonia’s new covered bond law

  

  Moody's has given Estonia’s newly established covered bond framework a mixed report, an assessment that will be a helpful guide for the other countries in the Baltic region, which plan to use special purpose vehicles to get around some of the problems their neighbour faces.

  • 17 Apr 2019

• UK’s FCA plans to adopt EU covered bond law

  

  The Financial Conduct Authority has set out plans to amend the UK’s regulated covered bond framework once European Union legislation comes into force.

  • 17 Apr 2019

• Fabulous covered bonds deserve to be voted on

  

  Please take a couple of minutes to cast your confidential vote for the last 10 euro covered bond benchmarks, including stellar deals issued most recently by MuenchenerHyp, ABN Amro and DZ Hyp. You don't need to be a GlobalCapital subscriber to vote and see all the related content.

  • 17 Apr 2019

• ECB tiered depo hike not bad for covereds

  

  Covered bond spreads are expected to widen if the European Central Bank increases its deposit rate from minus 0.4% to 0% across its whole portfolio. But some market participants think the ECB will adopt a tiered approach to the €2tr of excess liquidity held on deposit, which should not greatly affect covered bond spreads.

  • 16 Apr 2019

• Investors flock to ABN’s 20 year as asset purchase programme fears grow

  

  ABN Amro returned to the covered bond market on Monday to issue the largest 20 year transaction so far in 2019. Banks have increasingly found favour in placing deals with the ultra-long maturities, amid renewed speculation that the European Central Bank could restart asset purchases.

  • 15 Apr 2019

• MuHyp's 20 year Pfandbrief creates demand frenzy

  

  MünchenerHyp (MuHyp) issued the longest-ever benchmark Pfandbrief on Thursday, tapping into investors’ thirst for yield amid low interest rates. Investors poured into the book, lodging more demand than for any Pfandbrief issued for at least eight years.

  • 11 Apr 2019

• Nykredit plans first green covered bond

  

  Nykredit has published a green bond framework and intends to issue its first green covered bonds, in floating rate Danish kroner and Swedish kronor, in May. The benchmark deals are expected to qualify for the best capital and liquidity treatment.

  • 11 Apr 2019

• Aareal pays up for first Reg S covered bond

  

  Aareal Bank launched the first Reg S dollar covered bond of the year on Wednesday. With the bonds offering a substantial pick-up to where Aareal’s euro benchmarks trade, heavy demand came from European investors.

  • 10 Apr 2019

• Alpha gears up for Romania’s first covered bond

  

  Alpha Bank Romania plans to issue the first covered bond from Romania under the country’s newly established legal framework.

  • 10 Apr 2019

• BRRD safeguards for covered bonds better than the Directive

  The newly published Covered Bond Directive is viewed favourably by credit rating agencies, but it will not necessarily drive covered bond rating upgrades— in stark contrast to the Bank Recovery and Resolution Directive.

  • 09 Apr 2019

• DZ scoops 15 year Pfandbrief funding

  

  DZ Hyp attracted an order book that was more than three times subscribed in 30 minutes for its 15-year Pfandbrief issued on Tuesday. Under normal circumstances, this would be astonishing, but in the context of central bank monetary policy, the hunt for yield and the paucity of supply in this part of the curve, the result was to be expected.

  • 09 Apr 2019

• DZ Hyp to issue scarcely supplied 15 year Pfandbrief

  

  DZ Hyp has mandated lead managers for a rare 15 year benchmark Pfandbrief, which is expected to go very well in the context of the negative rate environment and scarcity of supply in this part of the curve. The transaction could well catalyse other issuers to bring 15 year deals of their own.

  • 08 Apr 2019

Covered Bonds news archive