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FIGCovered Bonds

Seven year treble as BPIM, SocGen and Lloyds hit sweet spot

A trio of covered bond issuers offered seven year deals on Monday with Banca Popolare di Milano, Société Générale and Lloyds selling deals from a variety of jurisdictions. While each deal printed with appropriate premiums, the high level of supply has meant that investors were more discerning, resulting in slower bookbuilds.

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