NIBC begins covered bond revolution with conditional pass-through innovation

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NIBC begins covered bond revolution with conditional pass-through innovation

NIBC
DE BEELDREDAKTIE / MARCO OKHUIZEN T.B.V. NIBC NIBC DEN HAAG D.D. 20.09.2006 EXTERIEUR / INTERIEUR / JAN VAN NIEUWENHUIJZEN EN JURGEN STEGMANN

NIBC on Tuesday brought a new structure to the covered bond market that investors wolfed down, prompting hopes of a much-needed supply spree. But the structure has divided the market, with bankers and RMBS and covered bond investors at odds over its potential, reports Bill Thornhill.

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