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FIGCovered Bonds

Dexia finds March waters too cold, BPM timetables

The quest for an issuer to re-open the market continues, with Dexia Municipal Agency believed to have found limited enthusiasm for a new deal after pre-sounding in difficult conditions. Meanwhile, Italy’s Banca Popolare di Milano (BPM) has attempted to push itself to the front of the Italian bond queue following remarks by an official at the bank.

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