Varied supply keeps market kicking

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Varied supply keeps market kicking

September 08, 2010 12:00 am

Benchmark covered bond activity continues apace, with four new issues across different jurisdictions already priced this week and Italy’s Banco Popolare today announcing a deal. Supply includes a Eu1.25bn two-and-a-half year Caja Madrid cédulas issue that was the biggest of five Spanish covered bonds launched since the end of August, and a Eu1bn seven year deal for Italy’s UBI Banca. Meanwhile, the UK’s Nationwide Building Society made a strong comeback to the market after a three year absence to sell a Eu1.25bn five year issue. Read EuroWeek on Friday for details of this week’s primary market moves.

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