Euro Covered Bonds Issuance Expected to be Fairly Low in August
Dow Jones
Aug 03
1510 GMT - Issuance of new euro covered bonds is expected to remain relatively low in August as some market participants take a summer holiday, ING's Marine Leleux says in a note. Covered bonds are debt securities supplied by financial institutions and they are secured by high-quality assets such as mortgages or public loans. Gross covered-bond issuance in August could rise from July's level of 1 billion euro's ($1.15 billion) but this could be outpaced by covered-bond redemptions of 8.5 billion euros, Leleux says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.