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FIGCovered Bonds

Cédulas issuance touted

The strong post-ECB rally seen in Spanish government bonds has resulted in a decent performance of Cédulas, and if the current mood can be sustained it could be only a matter of time before a Spanish issuer takes the plunge. But even if that does not happen, syndicate bankers anticipate three to five deals from other jurisdictions emerging in the next 10 days.

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