Second time lucky for My Money Bank, but no fireworks

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By Jasper Cox
24 Oct 2018

After scrapping its first attempt to issue Obligations Foncières last month, My Money Bank was finally able to complete its covered bond deal on Wednesday — but subscription levels were muted.

This time around, the issuer, which is owned by private equity house Cerberus, picked the same banks to execute its transaction, with one addition.

BNP Paribasremained sole arranger, with ABN Amro, Crédit Agricoleand Société Généralealso on the debut covered bond trade for the issuer. The additional name ...

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