Covered bonds build carefully on GCE reopening
Crédit Mutuel Arkéa priced a Eu1bn five year covered bond on Tuesday, building on the reopening of the asset class by GCE last week in spite of continuing fragility in market sentiment. Sparebanken Vest, Dexia Kommunalbank and BNP Paribas are in the market today with further supply, although not all are attempting Eu1bn deals. Read EuroWeek this week for analysis of this week’s supply.
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