Totta enjoys blow-out covered bond reception
Santander Totta took advantage of the paucity of peripheral 10 year covered bond supply, a Portuguese sovereign rating upgrade and buoyant credit conditions to issue a well received €1bn transaction on Tuesday. Meanwhile, PKO Bank signalled its intention to open books soon.
After mandating leads
on Monday, Santander Totta opened books on Tuesday for a 10 year A1/A/A-rated
10 year Portuguese covered bond, or Obrigacoes Hipotecarias.Barclays, Credit
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