Eika tempts with fat spread but tight NIP
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Covered Bonds

Eika tempts with fat spread but tight NIP

Eika Boligkreditt opened books on Wednesday for a €500m seven year covered bond that offered a spread not seen from Norway since January 2013, and one of the largest pick-ups from a core European issuer this year. But with a new issue premium of just 2bp, the funding was cheap for the borrower.

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