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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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Three banks competed for attention in the same tenor
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Demand was nearly three times higher than the issuer’s previous deal
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Canadian lender happy to pay up to secure bumper size
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Canadian lender takes size at a tight price on sterling return
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Investors become more cautious as Bund yields hit decade highs
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Issuer’s choice to go short and play yield curve made deals a great success, even without the European Central Bank’s order