Covered issuers pounce after ECB boost

The covered bond market has sprung back into life after last week’s European Central Bank decision to purchase up to Eu60bn of the product. Santander and Compagnie de Financement Foncier have already priced jumbos, Westfälische Landschaft Bodenkreditbank is set to price a benchmark this afternoon, and more deals are expected. Read EuroWeek this Friday to read about a rejuvenated covered bond market.