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Pandbrieven |
Latest coverage of Belgium:
Issuers achieve size and price as investor pile-on persists 21 January 2025
Crédit Mutuel and Argenta Spaarbank were just the latest issuers to hit the high end of size expectations without compromising on price today, after DNB yesterday sold the largest euro benchmark covered bond yet this year, while DZ Hyp is expected with further supply tomorrow.
Santander in Portuguese high, BPCE sees solid duration bid 8 February 2024
Banco Santander Totta sold the largest and longest Portuguese benchmark since 2017 today, while a BPCE dual-trancher, including a successful 12 year, attracted one of the biggest books of the year, showing the primary covered bond market to remain in good shape.
New month, same dynamics with no NIP for Belfius 7s 2 February 2024
ING 7s solid, Eika 8s struggle in ‘ugly’ mart as RBI holds off 12 May 2022
Argenta ‘go!’ as mart regains poise, Mutuel grabs €2bn 23 February 2022
Argenta gets €2bn book for 20s, CIBC adds €1bn in fives 29 September 2021
Argenta adds covered to toolkit as pieces falls into place 3 February 2021
Argenta debut draws crowds before zeroing in on re-offer 2 February 2021
Argenta set for debut, new Belgian supply ‘welcome’ 26 January 2021
Fear of missing out helps KBC to tightest crisis era spread 27 May 2020
ING Belgium 10s draw €3bn in show of market’s strength 13 February 2020
ING Belgium return to offer rare Belgian supply 12 February 2020
Belfius 10s ‘go like hot cakes’, DZ affirms short end viability 21 January 2020
Belfius €500m 10s’ size limits NIP in first Belgian of 2019 23 September 2019
HSH juice, tenor help it to big book, Belfius fives smooth 17 October 2018
ING Belgium EUR1bn reaps big book, ASB due next week 20 September 2018
NN, Belfius take their chances in pre-summer market 4 June 2018
Lloyds, Fortis get size, PKO ‘balanced’, WL lost in crowd 15 March 2018
Mart proves unpredictable as KBC EUR750m eights go slow 1 March 2018
KBC 10s boosted by rarity, land flat to French 17 October 2017
Fortis rides good news rally, Dutch tightening anticipated 16 March 2017
BNPP Fortis takes a bow as it all comes together 18 October 2016
BNP Paribas Fortis debut sets tightest Belgian spread 17 October 2016
BNP Paribas Fortis to go on the road ahead of debut 6 October 2016
Moody’s appraises Belgian law, citing relative strengths 30 September 2016
Belfius, Natixis join queue with 10s for pre-ECB window 6 September 2016
BNP Paribas Fortis readies covered bond programme 11 April 2016
Axa plays it safe for Eu750m mixed collateral return 16 March 2016
Axa due with return after French add, outlines Plans B and C 15 March 2016
Belfius thrice subscribed with 1bp NIP, SpaBol ‘textbook’ 2 March 2016
KBC stars with biggest 2016 book, UniCredit gets Eu1bn 23 February 2016
ING Belgium attracts as mart widens, UniCredit tougher 24 September 2015
Arkéa shows value pre-Fed, ING Belgium roadshow 16 September 2015
Sparebanken Vest pricing surprises, KBC returns 22 April 2015
Hypo Vorarlberg after Belfius in 10s, limited size helps 4 February 2015
BPCE flies, Belfius bolsters 10s, HSH a sign o’ the times 3 February 2015
2015 supply hits extremes as quartet make it 14 15 January 2015
Helaba sets record with 4s, Belfius zero NIP, OP due 20 November 2014
Belfius to roadshow ‘logical’ public sector programme 3 September 2014
Fitch lifts Belfius covered outlook despite negative issuer outlook 30 July 2014
Belfius sees 10s inside govvies, public ready post-summer 17 June 2014
Congestion no issue despite trio of 10s, Berlin Hyp 5s 16 June 2014
Belfius AAA Pandbrieven outlook changed to negative with issuer 31 March 2014
EC to consider EU covered bond framework, says draft 14 February 2014
Belfius Eu500m cap facilitates tight end, limited NIP 22 January 2014
Belfius solo and solid in FIG, KA to return post-roadshow 21 January 2014
Softer market no big concern as Belfius targets fives 20 January 2014
ING Belgium covered debut a pleasing return for issuer 4 December 2013
Strong December start on CBA, Helaba, ING moves 3 December 2013
Thanksgiving lulls market but end of year deals ahead 28 November 2013
ING Belgium to hit the road to prep debut covered bond 20 November 2013
UniCredit reopens periphery, KBC 3s offer OLO pick-up 22 August 2013
Belgian law further mitigates set-off risk, says Fitch 26 July 2013
Belfius hits ‘right number’ for Eu500m sevens 29 May 2013
CA OFs popular, Belfius tight in busy covered bond mart 28 May 2013
KBC gets ‘screaming’ price for Eu1bn seven year deal 21 May 2013
10 year to build curve, says KBC, repaying LTRO money 25 January 2013
KBC ‘solid’, Bankinter back despite demand moderating 24 January 2013
Belfius 10s inside OLOs, size seen as Santander priority 21 January 2013
KBC cheered by debut, IPTs defended, technicals cited 4 December 2012
KBC reels in spread after debut pulls Eu5bn-plus 3 December 2012
RBC prices second SEC registered deal, KBC awaited 30 November 2012
Intesa highlights funding capability, focus turns to KBC 23 November 2012
Belfius sees covered blow-out as welcome public entry 20 November 2012
Belfius IPTs spur big book for first Belgian covered bond 19 November 2012
Belfius eyes 5s, preps with care as pricing ideas floated 15 November 2012
Only short notice supply after CFF long end reopener 12 November 2012
Belfius mandates as NBB grants first Belgian licences 9 November 2012
Moody’s approves of Belgian law, buy-side protections 22 October 2012
Royal Decree gives Belgian central bank flexibility on 8% 19 October 2012
Axa Banque eyes covered, could use Belgian unit’s SCF platform 4 October 2012
Belgium sets surprise 8% cap on covered bond issuance 1 October 2012
Belfius hitting the road, covered programme well on its way 24 September 2012
Follow-ups on track with deals working, albeit slower 11 September 2012
Belgian covered bond law effective date imminent 29 August 2012
KBC eyes covered debut in late 2012 or early 2013 7 August 2012
Fitch’s first take on Belgian covered bond law positive 6 August 2012
Belgian covered bond law passed after Senate approval 20 July 2012
Next stop Senate after Belgian lower house adopts covered bond law 19 July 2012
Acceleration raises hopes of pre-summer Belgian law 17 July 2012
ECB opines on Belgian draft law ahead of ministerial meet 11 April 2012
Axa happy after RMBS work, no Belgian conversion soon 4 April 2012
‘Exclusivity’ in quiet mart pays for rare Franco-Belgian Axa 3 April 2012
Covered bond plans emerge amid Dexia-Belfius transition 2 March 2012
Final Belgian law proposal enters political process 26 January 2012
Final Belgian framework proposal ready for new cabinet 6 December 2011
Belgian law enters political process as text agreed, DBB a ‘natural candidate’ 27 October 2011
Moody’s reviews core Dexia entities, considers hypotheses 3 October 2011
Law’s progress could let Belgians scratch covered bond itch 19 September 2011
New Belgian draft awaited as Pandbrieven details unveiled 17 August 2011
