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◆ Greek bank's first issuance of the year ◆ Tenor and IPTs attracted domestic and international demand ◆ Deal praised for its strong execution
◆ Issuer tightened spread by 7bp on Tuesday ◆ First euro covered from ANZ NZ since 2023 ◆ Acting treasurer said €750m was the target
◆ 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
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 Spanish lender was more than three times subscribed for its speculative grade deal -
Cash-rich investors ploughed into the French and German two-part covered bonds, in which the shorter durations were priced inside fair value
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In this table, GlobalCapital Asia offers a glimpse of the bond deals that are in the works
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FIG borrowers want to issue debt quickly, before the January window closes
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Labelled financial issuance to set to hit €110bn in 2022
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Yorkshire Building Society is set to become the first domestic borrower of the year to issue a sterling covered bond
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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