Weekly Covers
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◆ Antoine Mannevy at AFD on UK political uncertainty ◆ Cross-currency inside euros keeps sterling arbitrage alive ◆ Mid-July deadline gone, another deal possible
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Bank of England's repo change tempts new issuers after fewer, bigger deals and a floater boom marked the first half of year
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Analysts have said the mortgage market and spreads do not support the widespread issuance of longer dated covered bonds
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The two Japanese mega-banks racked up massive order books ahead of US Independence Day
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◆ Green benchmarks gets bigger ◆ Hong Kong dollar climbs to fourth place in funding mix ◆ Digital bond faces 'rigorous test'
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◆ First covered bond of 12 years or longer since the bank issued in January ◆ Banker ‘positively surprised’ with size ◆ Premium paid
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◆ Tight spreads entice specific demand ◆ Sterling FRN supply quadruples versus last year ◆ Leads pushed to execute as pipeline builds
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◆ French agency rehabilitated after sovereign's fiscal and political wobbles ◆ Bankers estimate spread over French peers ◆ Cross-currency arbitrage versus euros weighed
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◆ Half-year close keeps some issuers on sidelines ◆ Bankers expect big euro supply to come ◆ More concession on pricing could be required
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A Kilt will pay a spread over Gilts it cannot justify on credit, which makes it a political gesture rather than a funding tool
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◆ Both tranches well received ◆ Improvement on 'weak' Achmea deal from last weak, rival banker says ◆ Fair value debated
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How to go about the delicate business of dealing with bad behaviour from the boss