European securitization in 2004 is set to exceed the issuance record set last year, according to a report from the European Securitization Forum.
In the first six months of this year ?125.6 billion of bonds were issued in Europe, putting the market on course to exceed the ?217.2 billion issued in 2003. In the same period last year ?95.1 billion in bonds were issued, 32.2% lower than this year.
Although mortgage-backed securities (MBS) still dominate the market, accounting for ?70.1
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