All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
FIGCovered Bonds

CRH sub-jumbo signals secured slow down

Caisse de Refinancement de l'Habitat (CRH) executed a lighting fast long six year covered bond early on Thursday morning, to avoid any potential volatility from the European Central Bank meeting on the same day. But the deal was also CRH’s smallest benchmark print in years, indicating a much reduced need for secured funding across France’s banking system.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree