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◆ German lender raises £325m with rare fixed rate note ◆ Calculating fair value 'hard' ◆ Leads looked at euro covered and sterling senior unsecured comps
Three issuers hit the market on Thursday, as pipeline builds for next week
◆ French firm takes €1bn a day before the US goes to the polls ◆ Investors looking for attractive French covered bonds ◆ French deals are tight to OATs despite high spreads
◆ Deal hits size and price targets ◆ Starting spread catches investors' attention ◆ Small pick up offered over OATs
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Investors flocked to to the €750m deal allowing the issuer to price at a small premium
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Proceeds of the Swedish Krona deal fund local forest regeneration
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Risk appetite has improved from last week
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German lender secures the lowest eurozone mortgage concession since February
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Less than four months into 2023, French lender has already raised two thirds of the covered bond volume it did for all of last year
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The Hungarian deal paid almost 11%, which helped the issuer to boost the size of the bond