Coventry and Créd Ag win covered bond investors in tough mart

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Coventry and Créd Ag win covered bond investors in tough mart

Tough Mudder
Participants take part in a Tough Mudder event race at Drumlanrig Castle, Thornhill in Scotland. | Robert Perry/PA Archive/PA Images

Crédit Agricole SFH and Coventry Building Society managed to achieve their price and size targets in the covered bond market on Thursday with oversubscribed deals. However, investors displayed plenty of price sensitivity.

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