Will Brits seek place in the sun next to Spanish?
The British have long sought out the sunnier climes of continental Europe, but have had to watch jealously from a distance as their euro-area counterparts have basked in the heat the European Central Bank’s purchase programme has brought to the covered bond market. However, after the market proved receptive to the multi-cédulas of AyT Cédulas Cajas, could the market offer UK issuers a welcome break?
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