Deutsche Bank mandates as covered bonds roll on

Two new jumbos have already been priced this week, making May busier than the first four months of the year combined in terms of volumes. Banesto sold a Eu1bn four year cédulas hipotecarias at 120bp over mid-swaps and Dexia Kommunalbank priced a Eu1bn five year public sector Pfandbrief at 70bp over. Meanwhile, Deutsche Bank has mandated for its debut Pfandbrief, and Banco Popular is also said to be lining up a deal. Read EuroWeek this Friday to find out more about this week’s deals.