Subprime cloud has a silver lining
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Covered Bonds

Subprime cloud has a silver lining

The euro market has been closed to US issuers since the subprime crisis struck and European issuers have stayed at home after their successful transatlantic visits in early 2007. But the turmoil has made the US authorities look again at the merits of covered bonds and the noises coming out of Washington are encouraging.

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