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FIGCovered Bonds

Dexia LdG settles unfinished business in style

A Eu500m three year deal for Dexia’s Luxembourg covered bond issuer yesterday (Wednesday) reopened the Luxembourg benchmark lettres de gage market that had lain dormant since November 2006. The investor response to the issue was “overwhelming” and bodes well for further issuance in the format, said the issuer.

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