New issuance value of covered bonds in France 2003-2019
The value development of newly issued covered bonds in France fluctuated significantly from 2003 to 2020. Newly issued covered bonds in France reached a value of almost 50 billion euros as of 2019. Covered bonds are debt securities backed by cash flows from mortgages or public sector loans. The value development of newly issued covered bonds peaked in 2011, when it amounted to over 100 billion euros.
