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FIGCovered Bonds

RBC finds plenty of demand for sterling covered bond

RBC_Adobe_575x375_11Mar2020

Royal Bank of Canada has sold the third Canadian covered bond in sterling this year, landing its £1.25bn deal at a spread identical to those of its two peers. Meanwhile, Münchener Hypothekenbank is set to join the sterling spree in the coming days with the first fixed rate covered bond in the currency since 2018.

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