BNS enjoys solid euro reception, but price sensitivity is becoming more of a theme

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By Bill Thornhill
12 Jan 2018

Price sensitivity is becoming a material theme in covered bond deals issued this week, and the first Canadian covered bond of 2018, issued by Bank of Nova Scotia on Friday, was no exception.

BNP Paribas,Credit Suisse, LBBW, Scotiabank and UBS were appointed joint lead managers for the BNS trade on Thursday, and at that point the issuer had not decided on whether to launch a five or seven year.

On Friday morning a seven ...

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