Sovereigns hit FIG market, but covered and ABS resilient

May 25, 2011 12:00 am

The FIG market felt the effects of sovereign volatility again this week, but covered bonds and ABS proved resilient. Commerzbank launched the second step of its Eu11bn capital raising plan on Monday, announcing the terms of its Eu5.3bn rights issue, which will include Eu1.3bn from German state agency SoFFin.

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