NAB cuts deal size to match lower demand
National Australia Bank surprised the covered bond market on Wednesday mandating Barclays, Credit Suisse, Royal Bank of Scotland and itself for a benchmark euro seven year transaction, the fifth in that tenor this month. The announcement came against a volatile credit backdrop as peripheral sovereign bonds widened along with some unsecured bonds.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts