Nykredit Realkredit priced its second euro senior secured deal of the year on Tuesday, a Eu500m long five year that an official at the issuer said went well, drawing more than Eu800m of demand and performing after pricing.

DLR Kredit sold a heavily oversubscribed Dkr2bn (Eu268m) October 2016 senior secured issue on Tuesday, benefitting from a tightening of spreads after the ECB rate cut at the beginning of May, according to the issuer and leads.

A Eu500m five year Nykredit Realkredit senior secured deal met with “massive” demand on Monday, including orders from first-time buyers in Asia, Portugal and Spain, said an official at the issuer, as a shift away from the “Junior Covered Bond” name made for an easier sale.