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Covered bond redemptions are set to increase by €20bn next year and €30bn in 2027
Strong demand for slim supply could tempt issuers to access the market before Christmas
No investors involved in Caffil's latest deal mentioned concerns over French risk
Issuers' desire to put covered pre-funding to one side suggests concerns over bumps ahead
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Issuers urged to move quickly as further reductions anticipated
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A publicly placed deal is unlikely and comes amid paucity of debut issuance
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The framework is expected to be compliant with the Covered Bond Directive
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Other Dutch covered bond issuers likely to follow suit
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The market ‘lacks conviction’, which should support covered bond supply next week
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Sovereign, supranational, agency and core European covered bonds will be the first asset classes to re-open the primary market