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FIGCovered Bonds

CCDJ looking good amid hopes of core covered supply

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After mandating leads on Monday, Fédération des Caisses Desjardins du Québec (CCDJ) opened order books on Wednesday for its first dollar deal in over a year and the first dollar covered bond since May. In the meantime, investors were waiting for Sumitomo Mitsui Trust Bank's first deal amid renewed hopes that a core European issuer will mandate before the end of the week. With redemptions mounting, there are hopes that other issuers will pounce on the market early in the fourth quarter.

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