Dexia pulls jumbo, CIBC and Sparebank 1 keep market open

September 03, 2008 12:00 am

Dexia Kommunalbank pulled a planned public sector jumbo Pfandbrief on Monday afternoon. However, oversubscription of a new CIBC issue, launched yesterday morning, showed that the covered bond market remains open despite investors’ apparent lack of enthusiasm for the German deal. Encouraged by this, Sparebank 1 also entered the market yesterday afternoon. Read EuroWeek on Friday for more on this week’s market activity.

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