CFF swipes €1.25bn in sevens
Compagnie de Financement Foncier (CFF) enjoyed stellar demand for its €1.25bn seven year covered bond on Monday and, despite pricing flat to its curve just a few days before the European Central Bank policy meeting and after another nuclear test from North Korea, the deal attracted extraordinary demand.
Just as North Korea tested another nuclear device, and days before the ECB was scheduled to meet amid speculation it would signal tighter monetary policy, CFF launched its third covered bond of the year, the first from a French lender since July 3.
The less certain
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