UOB steals show; Belfius and Sparebank soak up demand
Three covered bond issuers launched euro benchmarks on Wednesday with the inaugural transaction from United Overseas Bank of Singapore proving the main attraction. Sparebank 1 Boligkreditt and Belfius Bank also launched deals, with strong demand for the Belgian deal allowing the issuer to pay an extraordinarily tight new issue concession of 1bp.
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