Latest Covered Bonds news

• Covered bond investors sensitive on price as market softens

  

  Two €500m deals issued by Commerzbank and ASB Finance went well enough, though the fact neither of the issuers were able to tighten pricing by much underscored the impression that market sentiment has deteriorated slightly.

  • 01:45 PM

• Crédit Ag’ finds favour in fours and 20s

  

  Crédit Agricole attracted strong demand for its four and 20 year two part covered bond on Friday, partly reflecting the prudent choice of tenors.

  • 21 Sep 2018

• Introducing the Covered Bond Marker

  

  The Covered Bond Marker is a confidential survey designed to show what the market really thinks about the latest covered bond deals. Market participants are cordially invited to mark a range of recently priced euro benchmarks.

  • 21 Sep 2018

• Credem hits covered bond road after long gap

  

  Credito Emiliano (Credem) is planning a series of fixed-income investor meetings from October 1 to reintroduce its soft bullet covered bond programme.

  • 20 Sep 2018

• PBB scales up in sterling covered bonds

  

  Deutsche Pfandbriefbank (PBB) this week attracted greater demand than Aareal Bank for its December 2021 sterling Pfandbrief, even though it was priced at the same spread and had a lower credit rating. Both deals had a lot of German demand reflecting a sterling’s pick-up to euros.

  • 20 Sep 2018

• ING Belgium enjoys exceptional covered bond bid

  

  ING Belgium's order book for a €1bn eight year issued on Thursday was larger than any for a covered bond of this size since January. The exceptionally strong bid is something that other issuers will look to take advantage of before Eurosystem purchases are scaled back again.

  • 20 Sep 2018

• Covered bond traders positive on outlook despite ECB taper

  

  Even though it’s likely the European Central Bank will lower purchases of covered bonds before long and despite a relatively busy pipeline, dealers are sanguine about the outlook for spreads.

  • 19 Sep 2018

• Covered bond awards 2018 photos

  GlobalCapital’s 12th annual covered bond awards took place this year at BMW Welt in Munich on Thursday, September 13. The awards reflected the judgment of almost 400 market participants, including 170 investors, who reported buying €100bn of covered bonds in the past 12 months and with over €600bn in covered bond assets under management.

  • 19 Sep 2018

• NN Bank unearths good covered bond demand for 10 year

  

  Nationale-Nederlanden Bank (NN Bank) returned to the covered bond market for the second time this year to issue a comfortably oversubscribed €500m 10 year conditional pass through structure that was priced 1bp tighter than where NIBC Bank issued a similar deal two weeks ago.

  • 18 Sep 2018

• Helaba just gets over the Pfandbrief line

  

  Landesbank Hessen-Thüringen Girozentrale (Helaba) attracted a thinly oversubscribed order book for a €1bn seven year mortgage Pfandbrief issued on Tuesday. Even though the bonds offered a generous premium to their own curve, they were priced much tighter than other recent seven year benchmarks.

  • 18 Sep 2018

• Additional currencies to HTT hints at covered bond growth potential

  

  The European Covered Bond Council (ECBC) has updated and enhanced its Harmonised Transparency Template (HTT). The addition of two new currencies implies scope for more covered bond issuers, potentially from a new jurisdiction.

  • 18 Sep 2018

• Covered Bond Awards 2018: voting distribution

  

  The distribution of the votes for the 2018 Covered Bond Awards.

  • 18 Sep 2018

• ECBC flags ‘critical’ areas for covered directive

  

  The European Mortgage Federation — European Covered Bond Council (EMF-ECBC) has reached consensus on four critical areas of concern in response to a draft report from the European Parliament’s Economic & Monetary Affairs Committee (ECON) on the European Commission’s proposals for a covered bond legislative framework.

  • 17 Sep 2018

• Moody's hails Lloyds' Sonia deal as 'essential' for markets

  

  Moody's has praised Lloyds Bank’s first sterling Sonia-linked covered bond for being an "essential" development that will help to create a market for similar deals and limit disruption from the move away from Libor.

  • 17 Sep 2018

• NN Bank mandates as Aareal issues in sterling

  Nationale Nederlanden Bank has mandated leads for a 10 year euro denominated conditional pass through (CPT) covered bond and Aareal Bank has issued a fixed rate sterling Pfandbrief.

  • 17 Sep 2018

Covered Bonds news archive