Euro senior FIG market hot but borrowers prefer covered bonds

The FIG market is in fine fettle for new senior unsecured bond sales, but just two issuers have brought deals in euros this week. After a busy start to September, banks are letting the supply settle and are perusing other markets, including dollars and sterling as well as others sectors such as covered bonds. EuroWeek on Friday analyses the low euro market supply and the attraction of dollars and sterling — and covered bonds — and asks when the euro market will return to form.