Investors force the pace

In 2005, while issuers, underwriters, rating agencies and regulators have still been grappling with the question of covered bond identity, investor concerns have been more basic – spreads, yields, and the arrival of new investors. Mark Brown reports.

Has Brussles got the market covered? | Jumbo liquidity hit by a big freeze | Old product, new law

HENRY FORD KNEW a thing or two about selling. “A market is never saturated with a good product,” he once said. Covered bonds must be a very good product – it’s apparently impossible to saturate the market for them. If you ask the European and Asian investor base as a whole what it wants, the answer appears to be yet more covered bonds.

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