It's official

Following a relatively blistering pace of primary funding throughout June, the covered bond complex, at least, looks to be entering a somewhat slower pace as summer draws in. ). In the ABS universe, however, the market appears anything but in ‘easing back mode’, instead, we are firmly in the pre-summer peak period. Two new mandates have emerged – while three more remain in the pipeline – including yet another UK Prime transaction, this time Santander coming back for seconds this year.