Back to the core
Caisse de Refinancement del'Habitat on Friday morning priced a Eu400m tap in an exercise that showed investor appetite for short-dated core issuance after a week dominated by periphery supply which was on the verge of investor push-back. Books were only open for a few minutes, and for the first time in the borrower’s history, it priced in line with BNP Paribas.
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