Top section
Top section
Covered bond taps restart Nordic markets
Local investors are eager to buy covered bonds that pay floating rates
High grade FIG pair reopen Swissie market
Although the spread between Pfandbriefe and cantonal bank paper has widened, both still remain attractive
Sub-sections
Sub-sections
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Despite average concessions rising throughout 2022, prices are 'manageable' -
Covered bonds to end 2022 with net-negative new issuance
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Widening in local currency benchmark covered bonds makes new domestic issuance unattractive
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Central bank’s weekly purchase of covered bonds dropped by almost 15%
