BFBP: We’re neither in a hurry, nor structured

The Banque Populaire group has just finished the roadshow for its first covered bond, but Alain David, CFO of the group in Paris, told The Cover today (Tuesday) that the issuer is in no hurry to come to market, particularly given the sharp deterioration in sentiment this week. He also denied that the group’s issuance, outside the obligation foncières framework, was a structured covered bond.