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◆ Euro deal comes swiftly after sterling appearance ◆ Issuer rarity aids both deals' success ◆ Euro leg losses chunk of orders but ends with similar book to earlier European bank deals
First time two Candide trades have been offered in one year since 2008
◆ Deal printed one day after strong third quarter results ◆ Bond and equity investors seem to show no negative impact from North American tariff war ◆ Issuer focuses on cheaper shorter tranche
Data
Covered market provides 'the deepest pocket of demand' among FIG asset classes
Capital deals and a tight Nordic senior print point to what lies ahead for issuers
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
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The FIG sterling market has quietened down after a busy start -
Bank of Nova Scotia’s decision to issue in sterling and euro covered bonds on Monday ensured it was able to raise sizeable funding in a broad maturity range
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Hiring begets more hiring in ultra-fashionable sustainable finance
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Banks paid healthy premiums on Monday after struggling to move pricing
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Subordinated sale to offer alternative to sterling senior supply
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Deal will follow a similar transaction from Banco BPM last week
Polls and awards
Cast your vote now to decide this year's covered bond award winners and express your views in our new market survey
Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
The awards recognise the market's leading deals, issuers, banks and other participants
The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
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