Kutxa prices tight despite widening secondary
After a long hiatus from the covered bond market, Deutsche Bank returned on Wednesday with a landmark transaction that was priced tighter than any other long Kutxa (Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastián) on Thursday sold a Eu600m four year cédulas at the tight end of guidance, despite general secondary market weakness for peripheral trades.
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