SG RMBS-backed deal at the ready
Société Générale is expected to finish roadshowing its new covered bond programme on Friday. Given robust market conditions, a launch could follow as soon as next week. The programme structure is unusual for being backed by RMBS, as opposed to mortgage loans. In this sense it is similar to CIF Euromortgage’s long standing programme and Intesa’s Eu20bn OBG programme launched last year.
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