Covered bond market unimpressed by US rescue

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Covered bond market unimpressed by US rescue

With UBI Banca having decided not to proceed with its debut at the end of last week, a French issuer was said to be testing the market this (Monday) morning for a new issue in the wake of the US government’s rescue package for Fannie Mae and Freddie Mac. While stock markets greeted the news with glee, the picture was less clear cut for the covered bond market, and whether issuers will have more luck this week than last remains unclear.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article