Weekly Covers

◆ Peak demand tops €3.65bn ◆ Orders stick after 37bp tightening ◆ Deal lands close to fair value

◆ Book grew after pricing tightened ◆ Issuer's first capital trade in two years ◆ Premium paid

◆ Head of treasury's Tiemo Wesseling on euro 2026 debut ◆ Fair value and greenium estimated ◆ Back-loaded funding programme

◆ Quebec's Guillaume Pichard on recent $3bn 10 year ◆ New issue concession estimated ◆ Sterling and niche markets on radar

Book coverage ratios have also risen as sentiment improves in CEEMEA bond market

Investors seek structured and vanilla FRNs from credit and SSA issuers amid sharp rate fluctuations

Thibaut Makarovsky, head of funding and market operations at AFD, discusses his recent dollar trade and funding plans

Returnee lands through fair value on currency diversification drive

◆ Issuer takes advantage of attractive sterling funding levels ◆ Printing during UK school holidays no problem for 'very well loved name' ◆ Sterling FIG senior undersupplied versus last year

Less frequent issuers making the most of market with strong bid for yieldy assets

If it looks like a covered bond, acts like a covered bond and prices like a covered bond, then it probably should be treated like one

Issuance will be lower in June as yields rise