Covered market hits new low as AIB pulled
AIB Mortgage Bank yesterday (Tuesday) took the unprecedented step of postponing its planned three year covered bond more than a day after opening books for the issue, blaming the “extreme volatility in the credit markets”. The decision threatens to further damage sentiment in the covered bond market, which one syndicate manager described as “poisoned”. Read the latest on the troubles in the covered bond market at www.euroweek.com on Friday at 2pm.
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