Kommuninvest ready for covered boom
Kommuninvest has tightened its medium term note levels after finding increased demand following speculation that covered bonds — which the agency prices relative to — could attain Level 1 status under Basel III’s liquidity coverage ratio put downward pressure on its funding costs. It comes as the issuer also enjoyed a revisit to euros, printing private placements in the currency for the first time since October 2011.
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