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◆ Deal execution 'straight down the fairway' at historically tight level ◆ Concession paid to compensate for low spread and competing issuance ◆ Higher yield backdrop helps
◆ Deal comes amid competing supply from other European banks ◆ Both EuGB and ICMA green bond standards used ◆ Low new issue premium paid
◆ Big redemption wave and higher yields provide positive tailwind for new issuance ◆ DBS refinances in size ◆ Deka prints a touch inside fair value
Data
The single currency stands out as the most attractive funding source while the US dollar market remains open in size
Some evidence of green price advantage in secondary market, but not primary
Conditions support capital issuance, even though European Commission's report gave no clarity on the future of AT1s
Money centre banks pay to to land jumbo deals at sizes unheard of in euros
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First euro covered bond long than 10 year for a year deemed ‘very successful’ -
Chinese conglomerate retains 20% stake in Portugal’s largest listed bank
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CEE bank issuance far outstrips this time last year
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Bank will engage on NGO’s four demands, hopes to avoid judgment like Shell’s
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Three issuers price euro covered bonds in a market that ‘remains in very good shape’ as bank treasuries drive demand for seven to eight year paper
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The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
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