Dexia makes public Luxembourg covered bond debut
Dexia Lettres de Gage Banque, Dexia’s Luxembourg registered arm, has launched its inaugural public deal, a Eu500m three year lettres de gage publiques issue that will be priced at 40bp over mid-swaps. Banca Carige will price its debut obbligazioni bancarie garantite issue later on Wednesday, the week’s second Italian benchmark covered bond after UniCredit on Monday priced a Eu1bn long 12 year deal. Read EuroWeek on Friday for a review of this week’s activity.
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