Erste, HSBC and Axa pay up, re-price covered curves

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Covered Bonds

Erste, HSBC and Axa pay up, re-price covered curves

Bill Thornhill
April 10, 2018 02:00 pm
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Three toy houses sitting on Euro notes and coins, with a calculator to symbolize home finance. | Ian Milburn/spectrumblue - Fotolia

A trio of covered bonds issued on Tuesday attracted tepid overall demand, even though they were priced much wider than theoretical fair value. Of the three, Axa Bank’s dual tranche offering stood out as the most popular.

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EuropeEMEAFIGCovered Bonds
BT
Bill Thornhill
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