Covered bond primary volume ‘biased to the upside’
The primary market is likely to remain as active in October as it was in September, but in light of strong conditions and the European Central Bank meeting at the end of the month, volumes are ‘biased to the upside’, according to one banker.
Covered bond supply came to almost €10bn in September, but with new spread and oversubscription records being set again this week as they were last week, there is a fair chance volumes will be higher still in October.
“It’s difficult to see a big upswing because
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.