Property-backed bonds hit European record

Bonds backed by residential and commercial mortgages will dominate the European market this year, according to an article in the Financial Times. The newspaper cited a report by the leading industry body European Securitisation Forum (ESF) and stated that the issuance of bonds backed by mortgages and other debt in Europe is expected to increase by at least 16% this year, surpassing the EUR 500 bn threshold for the first time.

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