Abbey has softer market to itself after record week
Abbey has opened books on the second UK benchmark covered bond since October 2007, after Barclays Bank re-opened the segment last week with its debut. Barclays Capital, BNP Paribas, Deutsche Bank and Santander are marketing a seven year issue for Abbey at 65bp-70bp over mid-swaps. The deal is expected to be the week’s only benchmark supply in what bankers have described as a softer market. Read EuroWeek this Friday to find out how the deal fares.
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