Quick, strong start for covered bonds

Covered bond issuers wasted no time in reopening the market, as Banco Bilbao Vizcaya Argentaria, BNP Paribas, and Dexia Kommunalbank Deutschland on Tuesday launched benchmarks that met with a strong reception from investors. Many more issuers are waiting in the wings to launch their own new issues, with a steady flow of mandates being announced. Abbey National, Banco BPI, Banco Sabadell, Caixa Geral de Depósitos, and Nordea Hypotek have all announced their intention to come to market. Read EuroWeek this Friday to find out more about how this week’s deals fared.