LBBW
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◆ German bank paid small new issue premium ◆ €1bn size was main objective ◆ Low or no new issue concession in line with contemporary deals -
Analysts expect the first euro covered bond after the summer lull to be printed in the next two weeks following seven weeks of no issuance
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Retail and services company initially targeted €100m with third transaction since 2022
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SSA issuance to resume in 'mid-August' says Patrick Seifert, LBBW's global head of DCM
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Europe's mortgage market is facing a 'structural affordability squeeze' says Scope Ratings
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Canadian issuers and investors like the idea of cheaper access to Europe's covered bond market but their European peers are less enthused about Canada
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LBBW's global head of corporates and DCM Patrick Seifert expects higher pre-funding in late 2026
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Fifteen firms join syndicate as firm re-enters north America
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The last public covered bond before before the summer lull was issued earlier this year than in any of the last 15
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The German pharmaceutical wholesaler was upgraded to BBB- by S&P last month
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Utilities metering company could refinance Schuldschein in coming months
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◆ Dutch bank is a regular covered bond issuer ◆ Issuer's tightest spread since October 2024 ◆ Deal's 'reluctant reception' was 'a bit of a pity', says banker
