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FIGCovered Bonds

Caja Madrid solo pre-SIP as Nationwide taps fives

Caja Madrid launched a March 2013 cédulas issue into a crowded market this (Tuesday) morning, a week before its merger with six other Spanish banks is due to be approved, while Nationwide Building Society met with healthy demand for a five year issue launched this morning that will be sized at Eu1.25bn.

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