Senior FRNs to outshine short dated covereds
![EURO NOTES WASHING LINE Crisp new 100 Euro notes fluttering flying high in the breeze pegged in a line against a sunny blue sky Horizontal Landscape](https://assets.euromoneydigital.com/dims4/default/9a1aa83/2147483647/strip/true/crop/4961x3720+0+0/resize/840x630!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F6d%2F7c%2F32df7183458db64885cfd741e52b%2Ffloating.jpg)
◆ Senior FRNs in euros appear more cost-efficient for issuers than covered bonds ◆ Savings vary by issuer ◆ Asset mangers prefer to buy from higher-rated FRN issuers
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