BNP takes a quick Eu2bn with first euro OH

BNP Home Loan SFH will price its first euro covered bond under the new Obligations de Financement de l'Habitat format later today. The first benchmark deal since the Greek parliament approved austerity measures on Wednesday, BNP’s 10 year Jumbo appeared entirely unaffected by any residual market concerns, drawing Eu2.7bn of orders from over 100 accounts.