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FIGCovered Bonds

CCDJ prices inside covered curve

Adobestock_Euro Squeeze_575x375_Jan21

Fédération des caisses Desjardins du Québec (CCDJ) issued a rare and well subscribed five year euro covered bond on Tuesday, which was priced inside fair value. The outcome was similar to a recent deal from National Bank of Canada, but is not expected to boost supply prospects.

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