Swiss trio raise €328m

A trio of Swiss franc deals has been the sum total of European primary market activity in the covered bond space so far this week. DnB NOR Bank, Vorarlberger Landes-und Hypothekenbank and Royal Bank of Canada brought issuance totalling Sfr375m (€328m). Vorarlberger Landes-und Hypothekenbank and DnB NOR Bank came to market on Wednesday, with deals of Sfr125m and Sfr175m respectively.