Barclays news and BOS views reinforce UK surge
As revealed on The Cover yesterday (Wednesday), Barclays Bank is close to launching a covered bond programme, having incorporated Barclays Covered Bonds Limited Liability Partnership on Tuesday. The news reinforces the view that covered bonds will become an increasingly important funding tool in light of this summer’s turmoil, which has pushed up RMBS and senior unsecured funding costs sharply.
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