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.
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.
If new issuances achieve the forecast level of EUR 531 bn this year, annual volumes will have more than doubled in the last three years. The issuance of bonds accounted for some EUR 243 bn in 2004, according to ESF, and is expected to rise to as much as EUR 530 bn in 2007.
