Natixis
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French electrical wholesaler bets on US AI and electrification-linked growth
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Spuerkeess, Fairstone Bank of Canada and Evangelische Bank issued mandates for debut bonds
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◆ Only sub-benchmark covered deal in the market on Tuesday ◆ Issuer paid a 'healthy new issue concession', says banker ◆ Pfandbriefzentrale planning new Swiss franc note
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◆ Tuesday's only benchmark covered deal ◆ ASN's second covered in six months ◆ Short-end of the curve is an 'investor sweet spot', says bank
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◆ Spanish covered was only new issue on Wednesday ◆ Tenor has been well-issued in past week ◆ Banker said market to slow from here
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◆ Shorter tranche tightened more than longer ◆ Largest single euro covered tranche since 2024 ◆ Banker said longer end paid more premium
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◆ Hungarian bank paid small new issue concession ◆ Spread about double that for a core European name ◆ OTP is largest Hungarian issuer of covereds
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◆ Banker said bonds offered no new issue concession ◆ Shinhan’s was one of six covered bonds on Monday ◆ Deal was fifth Korean covered this year
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◆ Issuer pays larger new issue premium on longer tranche... ◆ ...but none on well covered three year floater ◆ Banker off the deal said heavy supply weighing on demand
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Singapore's BW LPG brings $300m deal to build eight new ships
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◆ Issuer happy with tight spread ◆ Short-dated tenor helped, according to a banker ◆ Treasurer said HCOM may issue one mortgage covered next year
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Only third Portuguese covered this year ◆ Fair value at '13bp-14bp' says banker ◆ Investors responded well to three year tenor