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FIGCovered Bonds

CM-CIC enjoys volume, pricing questioned

Crédit Mutuel-CIC (CM-CIC) continued the flurry of French issuance ahead of Société Générale’s debut, with a new Eu1.5bn two year structured covered bond set to price this afternoon. The deal demonstrates that it is not just the country’s obligations foncières that are in demand, although one banker outside the deal queried the pricing.

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