Caffil to feed yield-hungry with longest core covered of the year
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Caffil to feed yield-hungry with longest core covered of the year

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Caffil mandated lead managers on Monday for the longest core European covered bond of the year so far. The deal takes advantage of the surge in demand for absolute return following a plunge in yields that has taken most of the covered bond market into negative yielding territory. Bankers are also hopeful that Nordic covered bond supply will emerge this week.

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