Posts Tagged ‘ CBPP3 ’

Nordea Finland in ‘bonkers’ start to CBPP3 primary buys

Oct 31st, 2014
Nordea Bank Finland300

A Eu1bn 10 year Nordea Finland deal on Wednesday that was the first new benchmark eligible for CBPP3 since the programme began met with a “bonkers” response, achieving pricing 5bp inside initial price thoughts and kickstarting the primary market for Eurozone issuers.

A brave new world: Market reacts to final CBPP3 details

Oct 10th, 2014

Having announced the third covered bond purchase programme (CBPP3) at its last press conference, at the beginning of September, the European Central Bank last Thursday (2 October) followed up with the technical details of CBPP3 — which didn’t disappoint our expectations as the eligibility criteria are very wide.

Groundhog Day

Sep 12th, 2014

The ECB buys covered bonds — again. It’s like changing your password on your computer. You leave the letters identical and increase the number at the end by one to keep it simple — in this case, to 3.

ECB unveils CBPP3 alongside ABS buying, but few details

Sep 4th, 2014
Mario Draghi

The European Central Bank (ECB) announced a new covered bond purchase programme (CBPP) to be launched alongside a first ABS purchase programme in October this (Thursday) afternoon — the latter move having been anticipated, although covered bonds had not been in focus.