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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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Canadians looks to sterling as dollars get ‘more challenging’
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German, Norwegian and Italian deals were successfully priced on Wednesday but lacked sparkle
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Crédit Agricole Italia and other Italian issuers to follow
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Deal priced a record 20bp tighter than Toronto Dominion's
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Westpac, CIBC and TD have also found sizeable dollar funding
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◆ High grade curves repriced after tight PfZ deal ◆ Australian lender scores 'significant' arbitrage with Sfr deal