NIBC and Axa find tight covered bond pricing

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NIBC and Axa find tight covered bond pricing

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Hand squeezing a stress ball | tatomm - stock.adobe.com

NIBC Bank and Axa SFH issued two tightly priced 10 year covered bonds on Tuesday. The French deal was initially slow to build, in contrast to the Dutch conditional pass through (CPT), which got an extra boost because of its positive yield.

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