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FIGCovered Bonds

Humble European issuers miss American pie

When Don McLean sang “Bye-Bye, Miss American Pie” he was apparently expressing his feelings on the transition from the innocence of childhood to the darker realities of adulthood. Covered bond issuers at the Euromoney US Covered Bond Investor Forum in New York earlier this month faced up to a similar mood of disillusionment.

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