Rabobank and Coventry line up in covereds

By Bill Thornhill
12 Jun 2019

Rabobank is set to open order books for a two-part euro covered bond that takes advantage of the demand for higher yielding debt with the inclusion of a 20 year tranche. At the same time Coventry Building Society is planning a seven year in euros.

Rabobank is set to open order books on Thursday for covered bonds of eight and 20 year maturities. With the core European covered bond curve yielding negative rates out to the seven year point, the eight year is now the sweet spot.

Joint leads on the deal ...

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