Covered Bonds

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  • DZ Bank appoints new head of covered bonds

    DZ Bank appoints new head of covered bonds

    DZ Bank has appointed a new head of covered bonds in a move that acknowledges the bank’s growing league table presence in the euro covered bond market, particularly in Canada and Slovakia.

  • YBS enjoys strongest ever sterling covered demand

    YBS enjoys strongest ever sterling covered demand

    Strong interest from investors outside the UK on Thursday ensured that Yorkshire Building Society (YBS) was able to attract the highest demand for any sterling covered bond it has ever issued. Moreover, the sizeable deal was priced with no new issue concession and several basis points cheaper than if it the funding was in euros.

  • YBS to issue second Sonia covered bond

    Yorkshire Building Society (YBS) mandated leads for a Sonia-linked covered bond on Wednesday, taking advantage of the excess demand that was identified in an earlier deal from Santander UK.

  • EU emissions pricing ‘poses mortgage risk’

    EU emissions pricing ‘poses mortgage risk’

    The European Union’s plan to decarbonise building stock by taxing fossil fuels is likely to lower borrowers’ disposable income and their ability to service loans, which may increase delinquencies. However, it will drive more green covered bond and RMBS issuance, said Moody’s.

  • All eyes on Deutsche, amid covered bond trio

    All eyes on Deutsche, amid covered bond trio

    Danish Ships Finance, Natixis Pfandbriefbank and Raiffeisen Bank International will keep the primary market busy with deals and roadshows this week. But the main focus will be on the size and spread that Deutsche Bank achieves for its innovative debut structured conditional pass through (CPT) covered bond that will be launched imminently.

  • HVB tightens covered spread to OP Mortgage Bank

    HVB tightens covered spread to OP Mortgage Bank

    HVB, the German subsidiary of UniCredit, on Tuesday attracted one of the highest orders books for a €1bn covered bond from a core European bank in the last six months. It was able to tighten the pricing gap by 4bp to a competing deal issued by OP Mortgage Bank.

  • Volksbank Wien prices flat to covered curve

    Volksbank Wien prices flat to covered curve

    The covered bond market was on strong form at the beginning of the week, with Austria’s Volksbank Wien extending its covered bond curve with its second ever trade, which it priced flat to fair value.

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $b No of issues Share %
1 14.23 117 6.15%
2 13.73 72 5.94%
3 10.95 68 4.73%
4 9.54 53 4.12%
5 9.45 58 4.09%
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BondMarker: Covered Bonds

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