ABN’s quick-fire 10 year shows solid demand depth

ABN Amro returned to the covered bond market on Thursday with its first deal of 2013, a €1.5bn 10 year. After being out of the market for just over a year, the borrower attracted a comfortably oversubscribed order book in a very short time, underscoring a much greater depth to the market than ANZ’s recent funding appeared to suggest.