TLTRO repayment data to give hint of covered bond issuance
![ECB HiRes 575](https://assets.euromoneydigital.com/dims4/default/402578d/2147483647/strip/true/crop/5298x3533+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F0b%2Fdf%2F02b2432c4938b14ea789a3d8cb80%2Fecb2-hires-575.jpg)
High repayment of ECB funding will suggest elevated covered bond issuance to come
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