Booming covered bonds bring banks back as BPI, Barclays, CM-CIC, Nordea swoop
Even after one of the jumbo sector’s busiest ever days, the booming primary market for covered bonds should absorb another wave of at least four new benchmarks next week, bankers expect. Banco BPI, Barclays Bank, Crédit Mutuel-CIC and Nordea Hypotek launched a combined Eu5.5bn of deals yesterday (Thursday) on the heels of three new issues totalling Eu4.75bn on Tuesday.
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