CIBC helps dollars dominate, euros survive on CM-CIC tap
Crédit Mutuel-CIC Home Loan SFH kept the euro covered bond market alive on Tuesday with an increase of an outstanding 10 year trade. The €200m tap was the sum total of primary issuance this week, though Canadian Imperial Bank of Commerce proved the dollar segment’s resilience to market volatility by taking supply to $7bn within five trading days.
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