BNP draws robust book for long seven year covered
BNP Paribas Home Loan SFH made a rare foray into the covered bond market on Wednesday, selling a €500m long seven year deal that was priced well through the French government bond curve.
The spread was set on the July 2024 paper — a €500m no-grow — at 3bp through mid-swaps, with the deal attracting a final order book of about €1.2bn.
The issuer was last in the market in January last year
, and since 2012 has tended to issue just
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