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◆ Banker said deal offered little new issue premium ◆ Euro transaction on Tuesday triggered the deal ◆ Lloyds' last sterling covered was issued in October 2025
First new covered bond since the end of February ◆ Deal shows investor preference for short-dated paper – RBC ◆ Issuer benefits from minimal exposure to Middle East, says banker
◆ Norwegian bank increases size ◆ Issuer meets spread objective ◆ Banker said he drew confidence from secondaries
◆ Italian bank landed price and size with latest offering ◆ Deal was second Italian covered bond of 2026 ◆ Banker said trade had ‘good momentum from beginning’
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A steep rise in four year yields to more than 1% sparked investor interest
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French firm ends long absence flat to its Swiss franc curve
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Deal priced inside guidance in contrast to an earlier Slovakian deal from VUB
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Issuer’s price target was not met, but outcome was still impressive
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Orders for the well subscribed deal continued to flood in after spread was set
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French financial group has raised €6.5bn in the covered bond market so far this year