BES strikes before mid-week holidays

November 11, 2009 12:00 am

Banco Espírito Santo yesterday squeezed into an issuance window sandwiched between a public holiday in Madrid on Monday and today’s public holidays in the US and France to price a Eu1bn long five year Portuguese benchmark covered bond. Issuers that have been on the road, such as OP Mortgage Bank and EBS Mortgage Finance, could seek to launch deals on Thursday, with Fortis Bank Nederland also a candidate for issuance this week. Read EuroWeek this Friday for more about this week’s deals.

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