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FIGCovered Bonds

Nationwide brings trailblazing 20 year covered

Nationwide_Building_Society_Alamy_230x150_170919

Nationwide Building Society issued the first UK covered bond of the year, the first to test appetite since Brexit was concluded and the first UK deal with a 20 year tenor in euros. As such it offered a particularly rare opportunity to get some spread and yield pick-up.

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