RBS performs well on sterling covered debut
Royal Bank of Scotland this week issued its debut covered bond in its home currency, the second issuer to do so already this year. It chose to differentiate itself from Barclays, which sold a 10 year last week, with a longer, 12 year maturity and attracted a strong order book which enabled it to price in line with guidance. The deal has since performed well, in contrast to the Barclays deal.
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