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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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The Canadian bank has issued covered bonds across four currencies in two weeks
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TD has followed CBA into dollars, TSB plans a sterling deal
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Landesbank Berlin's Pfandbrief was not received as well
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Issuers pay higher concessions as frequency of deals gives investors upper hand
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A modest widening in the short end is not likely to pose a problem
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Canadian issuer prices the largest covered FRN and first since 2018, as well as the longest rate fixed deal since June