KBC Bank pays up for five year covered paper

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KBC Bank pays up for five year covered paper

The Belgian bank KBC headquarters in the center of Brussels on October 27, 2008. KBC became on October 27 the latest Belgian bank to get its capital shored up by the Belgian state, which is to pump 3.5 billion euros (4.4 billion USdollars) into the group

Covered deals need to offer high premiums, if borrowers cannot offer something new or remove uncertainties

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