Westpac mimics CIBC with outstanding sterling covered bond, more to follow
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Westpac mimics CIBC with outstanding sterling covered bond, more to follow

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Westpac this week followed Canadian Imperial Bank of Commerce in taking advantage of a glut of sterling covered bond liquidity. It issued a sizeable five year sterling covered bond which is expected to provide cheaper funding than the euro or dollar equivalent, boding well for additional supply.

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