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Manic Monday for covered bonds as issuers compete

Monday was the busiest day for the jumbo covered bond market in over a year, with three issuers launching new benchmarks, including Dexia Municipal Agency, the public sector issuer that had to be rescued by the Belgian, French and Luxembourg governments in September. And Banques Populaires on Tuesday priced a five year jumbo, taking the number of new benchmarks to have been launched since the beginning of last week to nine, surpassing the eight that were issued in the first four months of the year. Read EuroWeek to find out how this week’s deals fared.

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