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◆ Deal attracts more than €10bn ◆ Rarity of name and jurisdiction fuels demand ◆ No premium needed to take size
Increased residential lending demand could help support issuance
Issuance window is open and conditions are great but issuers stand pat
Sub-sections
Sub-sections
Deal reviews
◆ Deal attracts more than €10bn ◆ Rarity of name and jurisdiction fuels demand ◆ No premium needed to take size
◆ First deal since Crelan/AXA Bank Belgium merger ◆ No premium paid ◆ Capped size allows for focus on price
Swiss bank is only the second institution globally to use the instrument
◆ Long deal 3.4 times covered ◆ No concerns about pricing in busy market ◆ Pricing through OATs no problem
Opinion
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
Post-management senior positions can be very valuable, but only if handled right
No one can work round the clock. But what happens when the proverbial hits the fan?
Why big money hiring fails so often in investment banking
Analysis
Increased residential lending demand could help support issuance
Issuance window is open and conditions are great but issuers stand pat
After a poor start to 2025, a strong second quarter helped lagging covered supply get back on track
Deal expected to be among the last before summer slowdown with volatility tipped to threaten primary market
More articles
More articles
More from covered bonds
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◆ Issuer may be among final few before hiatus ◆ 'A strong outcome' for issuer ◆ Covered bond issuance has been making up lost ground -
◆ Market's 'green light' buoys long end deal ◆ Sizeable books sticks together during pricing ◆ Attractive pick up offered to sub-sovereigns
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◆ Singaporean lender achieves both price and size ◆ Slim concession offered ◆ Short tenor stands out
