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Slovenská sporiteľňa sets sight on euro covered bond
Slovenská sporiteľňa mandated leads on Tuesday for a euro-denominated mortgage covered bond. It was a slow start to the month in covered bonds, but the Slovak issuer could break the quiet.
The lender has mandated Commerzbank, DZ Bank, Erste Group and UniCredit to run the transaction.
The mortgage-backed covered bond is expected to be rated Aaa by Moody’s, have a maturity of seven years and to be sized from the start at €500m.
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