CRH reopens covered and prices close to OATs
Caisse de Refinancement de l'Habitat (CRH) on Friday priced the first covered bond of the year and despite very tight pricing to the OAT it managed to attract high demand, particularly from Germany. Scarcity of supply was always going to be a help, but a 25bp rise in Bund yields in the last few days also played a part.
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