Pre-migration untagged articles

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SpareBank 1 Boligkreditt priced the first Norwegian jumbo since September 2008 on Tuesday afternoon, a Eu1bn three year deal that made good on the issuer’s commitment to launch a benchmark covered bond every year.

UBS this week launched its second covered bond, a Eu1bn 10 year issue priced at the tight end of guidance from what the leads said was a high quality order book, even if the level of oversubscription was low.

The Federal Deposit Insurance Corp’s fund balance reached its lowest level since 1991 in the third quarter, dipping $8.2bn into the red.

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of less than 365 days.

US covered bond legislation could be in place as early as the first quarter of 2010 after Democrat congressman Barney Frank, chairman of the House Financial Services Committee (HFSC), this week committed to a hearing on the product in December.

Three-quarters of a Eu500m five year Ibercaja cédulas issue launched on Tuesday was sold to domestic investors, with the recent heavy Spanish supply, approaching year-end and non-jumbo format limiting the potential investor base for the deal.

CIF Euromortgage priced a Eu1.25bn April 2012 benchmark at the tight end of guidance on Thursday afternoon after having built a book of around Eu1.5bn for the issue.

Canada Mortgage and Housing Corporation sold C$2.975bn ($2.84bn) of Canada Mortgage Bonds in two tranches on Wednesday, both of them new issues.

CP bankers are complaining that activity in the European market is even lower than a typical December, as issuers awash with cash are able to spurn short term funding.