Demand for ESNs likely, but supply in doubt
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Covered Bonds

Demand for ESNs likely, but supply in doubt

PA image eu flag in front of Commission

A feasibility study on prospective issuance of European Secured Notes (ESN) — a dual recourse structure that works like a covered bond — suggests good potential for demand but limited scope for supply. Even so, setting up a legislative framework is probably a good idea as circumstances may change, the study has concluded.

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