Euro jumbo market eyes Eu100bn mark

June 16, 2010 12:00 AM

The pace of covered bond supply has slowed after last week’s 12 deals of Eu500m or more but with three new such issues launched on Wednesday morning in addition to four already priced this week, issuers are still eager to access the market, despite tougher conditions. Euro jumbo issuance this year could breach Eu100bn by the end of Wednesday, depending on the outcome of deals launched by Danske Bank, Lloyds TSB, and Sparebank 1 Boligkreditt. Read EuroWeek on Friday for more on this week’s action in the covered bond market.

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