Covered bond investors swoon to Argenta’s 20 year, as CIBC plays safe in fives

Bill Thornhill

September 29, 2021 02:11 pm

CIBC HiRes — R9X843 MONTREAL, CANADA - NOVEMBER 7, 2018: CIBC logo, in front of their main office for Montreal, Quebec, in Tour CIBC. Called as well Canadian Imperial Ban | Alamy Stock Photo

Argenta Sparebank’s 20 year attracted the highest subscription of any Belgian covered bond in over a year, whilst CIBC unearthed more measured demand in the popular five year tenor

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FIG Issue 1723 Covered Bond Deal Reviews

BT

Bill Thornhill