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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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The ‘perfect name in the right asset class and tenor’
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The ground breaking deal sent a green light to other UK issuers
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The spread was closely calibrated to ensure critical domestic demand
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Deal becomes the most subscribed German covered bond for two months
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Achmea and SMTB lacked traction as issuers left to mull cooling sentiment
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Novelty and high quality asset pool fueled demand for the bumper print