Terra lines up meetings as reopening nears

Norway’s Terra Boligkreditt has hired Commerzbank, Danske Bank, UBS and UniCredit to carry out investor meetings, it announced today, in the first covered bond mandate to hit the screens since the summer holidays halted new benchmark issuance. While a deal from the Norwegian issuer is not expected to be imminent, syndicate bankers have their sights set on next week offering new benchmark covered bond supply. Read EuroWeek for more on expectations for the week ahead.