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◆ 'Rocking' book over 4.5 times covered ◆ Slim premium leaves room for performance ◆ Austrian undersupply supports demand
◆ Sterling covered market on a 'hot streak' ◆ Strong demand pledged, including international interest ◆ Offshore sterling covered spreads compress
◆ Book grows after spread set ◆ Premium offered to investors ◆ Recent sovereign downgrade not a concern
◆ A bank advised Nationwide of strong fixed sterling bid ◆ RMBS was another option ◆ 'New accounts' participated in deal
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Bankers away from the deal put the NIP at 1bp to 2bp
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Vest Boligkreditt finds price traction as Oma issues its debut benchmark
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DZ prices 36bp inside Oberösterreichische as the third consecutive trio of deals lines up
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Cost was lower than euros and cheaper than the bank's debut Sonia deal
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New US investors are coming to the table as resurgent volumes are eyed
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Issuers play it safe as they target the three to five year area