Covered bond issuers price flat to fair value

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Covered bond issuers price flat to fair value

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500 euro notes on a washing line. Koln, January 15th, 2020 | usage worldwide | Christoph Hardt/Geisler-Fotopres/DPA/PA Images

A lack of supply relative to 2019 and much more aggressive central bank buying ensured that Banco Sabadell, Royal Bank of Canada and OP Mortgage Bank were able to price covered bonds flat to fair value this week.

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