Weekly Covers

◆ Dutch lender's latest €2.5bn senior holdco follows Aussie domestic senior foray ◆ Comes a day after $1.5bn AT1 and before green RMBS ◆ Demand for senior unsecured assets is strong as ING clears big funding with limited, if any, new issue concession

◆ Issuer's first green benchmark in 2026 ◆ Blended premium estimated ◆ Central bank/official institution allocations 'notable and high' for green label

◆ OTP Mortgage Bank order book outstrips previous demand ◆ Tightening in line with recent performance, says banker ◆ OTP becoming 'more established' as covered issuer

◆ Issuer tightens spread by 8bp ◆ Deal prices outside comps ◆ Lack of Japanese covered bond law affects demand, says banker

Bankers insist sustainability-linked loans are here to stay

Commodities trader halves its stake for £132m after shares soar

◆ Sovereign takes plunge into 30 year ◆ Book almost twice that of 2024 deal ◆ Large size, tight NIP, others encouraged

Bank is issuing second trade using structure launched in October

◆ US drinks giant brings jumbo deal across the curve ◆ 12 year tightens the most ◆ Premiums vanish across the tranches

Demand peaked at six times the deal size, but many orders dropped out

◆ Two triple-Bs hit screens ◆ KPN lands through fair value ◆ Demand sticky for Grenke

The Ukrainian company's January deal performed well on secondary