ECB's Trichet delivers, primes covered bond market for new supply
European Central Bank president Jean-Claude Trichet sprang no surprises when announcing details of the ECB’s Eu60bn covered bond purchase programme this (Thursday) afternoon. However, the breadth of the eligibility criteria should mean that the market remains well supported and market participants are already said to be discussing the possibility of adding further new issues to the wave of supply that followed the announcement of the plan on 7 May.
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