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◆ Second Friday print in two weeks ◆ Dynamics suggest repricing is almost completed ◆ No premium paid to recent UK building society prints
Demand supported by resurgent asset manager bid
Market participants hope more jurisdictions will follow as Canadian duo attract record demand
Sub-sections
Sub-sections
Deal reviews
◆ Second Friday print in two weeks ◆ Dynamics suggest repricing is almost completed ◆ No premium paid to recent UK building society prints
◆ Deal attracts granular book for a Pfandbrief ◆ Premium paid but outcome still 'fair' ◆ Elsewhere, Finnish sub-benchmark deal proves popular
◆ UK lender builds demand across two legs ◆ Equivalence 'noise' no problem ◆ Canadian paper provides the closest, most recent comparables
◆ German issuer lands €1bn at tightest spread... ◆ ...but still pays a premium ◆ Shorter Pfandbriefe less popular with issuers this year
Opinion
Why remembrance of things past will soon include the traditional relationship between French covered and sovereign bonds
The UK will do better with tactical retreats on regulation than risking being outflanked by the US's wildcat banking regime
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
Analysis
Demand supported by resurgent asset manager bid
Market participants hope more jurisdictions will follow as Canadian duo attract record demand
Paper could arrive on Monday or Tuesday, ahead of flagship covered market event
Banks, corporates, even the government find eager buyers
More articles
More articles
More from covered bonds
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Aussie covered supply could rise if proposal to lift cover pool cap passes -
◆ UBS ends 14 month Swiss franc covered absence ◆ Next to no premium paid ◆ Swiss bank has raised AT1, senior unsecured and now covered in the last week
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Books bulged in July as investors flocked to the last of the summer deals
