Benchmark covered bond issuance has been confined to taps this week. Crédit Agricole increased a Eu1.25bn October 2025 issue by Eu350m on Tuesday, and Spain’s Cajamar is expected to tap a Eu750m October 2014 deal on Wednesday at what would be a record wide spread in the benchmark market. Further supply is in the pipeline, with Austria’s Hypo NOE and Nordea Bank Finland on roadshows, and Germany’s DVB holding investor meetings in connection with an inaugural public ship Pfandbrief. Read EuroWeek on Friday to find out how primary market activity unfolds this week.
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