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◆ Bank prints first Belgian covered in over six months ◆ Issuer caps order size at €750m from start ◆ Covereds this week offering more new issue concession
◆ €1.5bn covered is ING's first of 2026 ◆ 5bp of concession ◆ 'Sweet spot' tenor
◆ Issuer tightens spread by 4bp ◆ Stronger opening on Wednesday paved way for covered ◆ Deal offered some new issue premium
◆ Bond the first EuGB covered ◆ Danish issuer tightens spread by 5bp ◆ Issue offers next to no concession
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TD has raised the equivalent of $6bn in the covered bond market over the past two weeks
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The 1.25% coupon and generous starting spread ensured swift and certain execution
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Double digit arbitrage on offer as Canadian borrower lands inside euros
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The spread was tightened by more than on any other covered bond in the past four weeks
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OLB raised tricky seven year funding amid renewed rates volatility
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A steep rise in four year yields to more than 1% sparked investor interest