Santander sets up French covered bond programme
Santander has issued European covered bonds from Spain, Portugal and UK but could soon be about to issue Obligations Foncières from a new French programme. However, the sub benchmark sized deals are likely to be placed with the ECB said bankers.
DBS mandates first Singaporean covered bond
DBS is set to commence marketing the first covered bond from Singapore later this month, and on Wednesday mandated its lead managers. Two other Singaporean banks are likely to follow, but at under than $20bn, the potential size of the market much lower than Korea’s.
Kookmin to open $111bn Korean covered bond mart
Kookmin Bank has mandated leads for a roadshow to market the first covered bond issued under the newly established Korean legal framework. The bank, which has issued structured covered bonds in the past, is one of several that are expected to take advantage of the new law. But it had long been expected to be among the first to market, after issuing a consent solicitation in January this year.