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◆ Italian bank increased benchmark size to €750m ◆ Deal expected to perform in secondary ◆ Covered was one of two issued on Thursday
◆ Canadian bank lands tightest euro covered this year ◆ Further Canadian issuance on the day ◆ Banker on the deal said tranches were priced just inside fair value
◆ Austrian bank's first covered in nearly two years ◆ Both tranches offered 5bp of NIP says banker ◆ Modest 3bp tightening reflects 'normalisation' of covered market
◆ German bank secured spread tightening across tranches◆ Banker said first tranche offered small NIP but second had nothing ◆ Tuesday’s deals failed to deliver the spectacular order books of last week
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Investors show that even during summer they have cash to put to work if the deal is right
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Defensive €250m no-grow sale set to tap into short end demand
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€500m Pfandbrief achieves issuer's largest book on covered bond
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TD has issued €6bn-equivalent this week, just over half of its total covered bond issuance of the year so far
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Canadian bank has opened books for an Aussie dollar deal after tackling dollars and euros
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Another German issuer and a French bank are looking to follow