Covereds in good shape as cut in ECB order rumoured

ECB fotolia 230x150
By Bill Thornhill
21 Jan 2020

Four covered bond issuers got strong receptions for their deals on Tuesday amid unconfirmed rumours that the European Central Bank could be poised to lower the size of its primary market order on covered bonds launched after Tuesday.

Euro covered bond supply in 2020 is up more than 30% on the same period last year, with the European Central Bank estimated to have bought a gross total of €4.2bn covered bonds so far this year, according to analysts at Danske Bank research.

The ECB ...

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