Sumi Trust to test demand for Japanese covered bonds
![A woman walks past a branch of Sumitomo Trust and Banking Co in Tokyo November 6, 2009. Sumitomo Trust and Banking Co and Chuo Mitsui Trust Holdings Inc said they plan to merge, creating Japan's largest trust bank with scale to better compete in a crowded](https://assets.euromoneydigital.com/dims4/default/727baa2/2147483647/strip/true/crop/3072x2010+0+0/resize/840x550!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F8c%2F92%2Fc99f9f2a4de7a2e595d4a094eccb%2F2e8512f.jpg)
Structured covered bond will offer far higher spread than recent deals from Australia, Canada and Europe
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