Axa issues last covered before programme reboot
La Banque Postale (LBP) and Axa Bank Europe SCF priced French covered bonds this week. Axa’s may be its last before it restructures its programme.
Axa Bank launched a sub-benchmark covered bond with a
15 year maturity on Tuesday. The deal, issued under French law, is currently collateralised by Belgian RMBS and was priced via joint
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