Cajamar’s Cédulas shows Spain is decoupling from Italy
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Covered Bonds

Cajamar’s Cédulas shows Spain is decoupling from Italy

decoupling

Cajamar Caja Rural found good demand for a €500m five year Cédulas on Thursday, suggesting that investors are differentiating between Spanish and Italian bank risk, and with a further spread widening anticipated, peripheral issuers have every incentive to consider follow-on deals.

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