UniCredit CPT revival offers boost for periphery banks
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Covered Bonds

UniCredit CPT revival offers boost for periphery banks

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UniCredit Italy has revitalised hopes for the conditional pass through (CPT) covered bond structure which was pioneered by NIBC over a year ago and was at risk of being ignored by everyone else. The Italian national champion has restructured one of its covered bond programmes from a soft bullet maturity and intends to sell bonds from it next year.

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