Sarah Ainsworth

Westpac raises size of covered deal as investors welcome spread and scarcity

‘A lot more’ covered bond supply expected ahead of ECB meeting on Thursday

Sarah Ainsworth, April 08, 2024

NORDEA Bank Vilnius Lithuania. Image shot 2009. Exact date unknown.

Nordea brings first 10 year covered bond for a month to a different market

Asset managers less concerned about missing out on covered bonds, argue some bankers, while others highlight the relative value versus SSAs

Sarah Ainsworth, April 08, 2024

GlobalCapital Podcast

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Do banks’ right hands know what the left is doing?

◆ Do investors want unified capital markets coverage? ◆ Corporates fear democracy ◆ Why are FRNs trending? ◆ Second lien mortgages in arrears ― yes please

Jon Hay, April 06, 2024

Leader

Euros bank notes. paper boat Money.Eurozone, European curency, Floating currency, paper money cash. ?5 ?10 ?20 ?50 euros banknotes 135177_Euros

Whatever floats your boat

Investors are hungry for floating rate notes

Sarah Ainsworth, April 04, 2024

FIG

Butterfly flying from Alamy 5Apr24 575x375.jpg

Float like a butterfly: agile asset managers pummel money into FRNs

Investors have swarmed to FIG FRNs despite looming interest rate cuts

Sarah Ainsworth, April 04, 2024

FIG

BMO launches FRN and finds investors price-sensitive

◆ BMO final orders drop by €1.4bn as issuer ‘solved for optimal price’ ◆ Tightening of final spread ‘cost them some orders’ say rival bankers ◆ ‘A great trade’ that was ‘priced at pinpoint’ according to a syndicate lead

Sarah Ainsworth, April 04, 2024