Covered bonds are secured debt instruments which offer greater investor protection than traditional corporate or government bonds. Known as a dual recourse structure it provides two layers of ...
With Europe’s ailing banks shut out of the senior market for much of 2011, covered bonds have become their most important funding tool over the past 12 months. With volatile markets and bail-in ...
Last week marked yet another first for the ETF industry, as ProShares rolled out a product that delivers access to a unique corner of the fixed income market. The new ProShares Covered Bond (COBO), as ...
If a product swamps a market, prices go down. Yet this basic economic tenet seems to have eluded many of the issuers in the Spanish covered bonds market. How else to explain the consistent lack of ...
“We feel that the product has now been firmly positioned in the high-quality rates/agency space” Julia Hoggett, Depfa Depfa has done more than most to encourage the development of covered bonds in the ...
Issuer tightens spread by 4bp ◆ Stronger opening on Wednesday paved way for covered ◆ Deal offered some new issue premium ...
Bank Leumi is the first bank in Israel to issue covered bonds abroad – an innovative debt instrument with significantly lower funding costs than standard corporate bonds. Total issuance amounted to ...
HYGW offers a strong 13.3% distribution yield by investing in high-yield corporate bonds and writing covered calls. The fund's strategy works best when high-yield rates are flat or increasing, worst ...
Only one bank has maintained its position as a top underwriter of covered bonds over recent years, an achievement that was particularly impressive in 2009. For its consistency and leadership, and for ...