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 Paribas
remained sole arranger, with ABN Amro, Crédit Agricole
and Société Générale
also on the debut covered bond trade for the issuer. The additional name