NIBC lands eight year amid CPT crackdown

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By Tyler Davies
12 Mar 2019

NIBC Bank paid a handful of basis points of new issue premium to launch a new conditional pass through covered bond on Tuesday, despite having taken a tougher route to the market by targeting a maturity at the longer end of the curve.

The Dutch lender picked ABN Amro, Commerzbank, LBBW, NIBC Bank and Rabobankto arrange the sale of the new eight year CPT covered bond, which had its size capped at €500m from the outset.

The lead managers put out initial price thoughts in the 25bp ...

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