Hopes of covered bond supply rise as anaemic lending puts TLTRO cash out of reach
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Covered Bonds

Hopes of covered bond supply rise as anaemic lending puts TLTRO cash out of reach

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Feeble bank lending figures suggest that some European banks will not be able to tap the ECB's Targeted Longer-Term Refinancing Operations (TLTRO) at the cheapest rate on offer. For those institutions, covered bond funding will become a compelling alternative.

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