Non-EZ BRFkredit enjoys easy ride in covereds
BRFkredit was more than twice subscribed for a €500m short seven year covered bond on Wednesday, in what could be an important deal in kicking off a flurry of issuance at the end of August.
The Danish mortgage credit institution, which is part of the Jyske Bank Group, hired ING, Nordea, SEB and UniCredit to arrange the trade.
The lead managers began with price thoughts of 5bp area over mid-swaps for the €500m July 2024 covered bond, before revising the spread to
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