Market swells as issuance surges

June 09, 2010 12:00 am

The covered bond market is in the middle of one of its busiest ever weeks, with seven issuers already having priced deals, although some had to make do with smaller sizes and wider spreads as supply began to weigh. The UK’s Royal Bank of Scotland is set to break so-called “core” countries’ hold on issuance, having on Wednesday launched its inaugural public covered bond. Read EuroWeek on Friday to find out how the market holds up under the hectic pace of issuance.

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