Covered Bonds

Latest News

  • Pfandbriefbank deluged by demand

    Pfandbriefbank deluged by demand

    Compelling evidence emerged this week showing how much liquidity local investors are still looking to deploy in the Swiss franc market as the year’s end looms. On Monday, it took just 45 minutes for books to open and close on three clips of Pfandbriefbank paper.

  • Properties, not rent caps, say Pfandbrief banks

    Properties, not rent caps, say Pfandbrief banks

    The Association of German Pfandbrief banks (VDP) has criticised a Berlin local government decision to cap rents, which it believes will hit investor confidence and lower construction activity. Despite these concerns, the outlook for Pfandbrief supply is positive and remains underpinned by solid fundamental factors.

  • The ECB cannot pretend it is a selective investor

    The ECB cannot pretend it is a selective investor

    The European Central Bank (ECB) likes to keep up the idea that it dips in and out of markets judiciously with its quantitative easing programme. This is disingenuous. Its driving force is its need to pump money into the system.

  • Commerz hits covereds in last window of year

    Commerz hits covereds in last window of year

    Commerzbank took advantage of a rise in yields to launch a nine year Pfandbrief on Monday. With yields rising 6bp overnight amid an improvement in risk sentiment, bankers suggested a positive yielding long seven year can expect a fair reception.

  • Bid-asks to gap out under buy-in rules, ICMA warns

    Bid-asks to gap out under buy-in rules, ICMA warns

    The mandatory buy-in regime under the EU’s regulation for central securities depositories (CSDR) is expected to cause bid-ask spreads across bond markets to widen significantly, according to a warning from the International Capital Markets Association. The lobby group would like the rules changed.

  • Nasdaq shines a light on Danish covered bond pricing

    Nasdaq shines a light on Danish covered bond pricing

    Nasdaq has developed a new method for pricing Danish covered bonds, which are typically more difficult to price than fixed-rate euro deals because of prepayment risks of mortgages in the underlying pool and negative convexity associated with callable deals.

  • UK covered bonds to go Danish with Perenna

    UK covered bonds to go Danish with Perenna

    UK based mortgage start-up lender, Perenna, aims to revolutionise the UK's mortgage market by introducing a 30 year fixed rate loan that will be financed with the same pass through covered bonds that are widely used in the Denmark.

More Stories



Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $bn No of issues Share %
1 14.70 122 6.13%
2 13.73 72 5.73%
3 11.28 70 4.71%
4 9.87 55 4.12%
5 9.82 61 4.10%
Score now

BondMarker: Covered Bonds

What do you make of the latest deals?