Belfius closes gap to KBC with follow-on seven year
Belfius Bank on Tuesday mandated and launched a seven year mortgage backed covered bond with pricing closer to Belgian peer KBC Bank than any of its previous funding.
Having issued five and 10 year deals, the most natural fit for Belfiuss third covered bond was a seven year. On Tuesday morning it followed KBC Bank, which had priced a 1bn deal in the same tenor on May 21 at 16bp over mid-swaps.
Belfius announced the mandate on
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