Weekly Covers

◆ 12 year tranche is longest euro trade in weeks ◆ Issuer goes for price then size ◆ Some concession needed for dual trancher

Crédit Agricole CIB's head of covered bond and SSA research expects premiums to stay at current levels

Despite uncertainty in the Middle East peace process, market participants are seeing risk appetite from FIG investors

◆ Two-day execution gains outweigh volatility risk ◆ Buffer built into price guidance ◆ Callable book closed two days after monthly reopening

The subordinated debt premium was smaller than that offered by some other EM hybrid issuers

At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing

Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’

◆ Fatigue visible in sterling FIG as Westfield secured bond also grabs attention ◆ UniCredit funds in line with euros ◆ Nova Scotia comes flat to dollars

Swiss bank is growing its client base on a global scale but without trying to be 'everything to everyone'

◆ French lender has placed €3bn of covereds already this year ◆ Order book peaked at just below €2bn ◆ The bond was 1bp outside French government debt, a banker said

◆ ASN's tightest senior bond since 2021 ◆ Dutch lender becomes only the second FIG borrower to have issued more than one European Green Bond ◆ Deal comes hours before 'massive rally' ensues from opening of Strait of Hormuz

Growing pipeline and fiercer competition had threatened to shake the darling bonds of May