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Investors still have cash to spend as long as the price is right
Commercial property risk still dogs sector but investors can distinguish credits
Upcoming deal will extend the Australian lender’s secured curve
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Deal reviews
Investors still have cash to spend as long as the price is right
Interest from assets managers led the German bank to issue a rare fixed rate sterling deal
◆ Dutch bank raises A$1bn via local branch ◆ Aussie covered supply significantly down ◆ Tight senior/covered spreads push local major banks elsewhere
◆ German lender raises £325m with rare fixed rate note ◆ Calculating fair value 'hard' ◆ Leads looked at euro covered and sterling senior unsecured comps
Opinion
When senior unsecured spreads are so tight, why even think about issuing covered bonds?
The way banks do compliance training makes them riskier, not safer
Want to reform the GSEs and create a US covered bond market? You're hired
Analysis
When senior unsecured spreads are so tight, why even think about issuing covered bonds?
Recent Länder deals shed light on where covered bonds might clear
Interest from assets managers led the German bank to issue a rare fixed rate sterling deal
Parched market anticipates concessions to climb should supply return
More articles
More articles
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◆ Issuer avoids pushing already tight deal too tight ◆ Single digit premium paid ◆ Green German supply ahead of 2023 year to date
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◆ €500m no-grow deal over three times covered ◆ Only 1bp premium paid ◆ Deal finishes CFF's funding for the year
