KBC readies as Fitch praises Belgium law
The race is on for the first Belgian covered bond, with KBC and Belfius Bank (formerly Dexia Bank) jostling to bring the debut transaction once the country's covered bond law is finalised. Speaking on a conference call on Tuesday, KBC Groep’s CFO, Luc Popelier, confirmed rumours that the bank plans to sell its first covered bond by the end of this year or early 2013.
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