EBS ventures out of guarantees with covered debut

EBS Building Society yesterday (Thursday) placed its first unguaranteed bond since the Irish government guarantee scheme was introduced in September 2008, via a Eu1bn three year benchmark covered bond sold by its subsidiary, EBS Mortgage Finance. The issuer told The Cover that it is delighted to have overcome the challenges it faced in making its public debut and is looking forward to building on it for the future.