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FIGCovered Bonds

CCDQ’s first covered bond will perform, says Descôteaux

The chief of treasury at La Caisse Centrale Desjardins du Quebec, Jacques Descôteaux, told The Cover on Thursday about the long road to this week’s inaugural legal covered bond, the bank’s first in euros. Despite a low oversubscription, the book was high quality and should perform, while a deal roadshow would not have changed the outcome, he insisted.

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