Navarra success despite yield question
Caja Rural Navarra looks set to price its inaugural €500m five year covered bond at the tight end of guidance on an oversubscribed book. But concerns over absolute yield levels and the less than stellar performance of Cajas Rurales Unidas’s recent deal could spook investors, despite the attractive spread, said bankers.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: