Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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Skip Navigation LinksHome :: Back Issues :: In and out of the money in covered bonds

April 2007

In and out of the money in covered bonds


Too many banks are chasing too few fees.


The covered bond business is not the most exciting in the capital markets but virtually every investment bank is currently striving to enter or re-enter it. Why?

It is not as if good money can be made trading. The only reason why issuers pay fees is because of onerous market-making commitments. A covered bond trading desk...


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