Eurozone covered bond issuers to feed ECB

By Bill Thornhill
13 Jan 2020

Four covered bond issuers from Germany, Austria, France and Belgium have announced deals that are expected to be launched on Tuesday and will be heavily bought by the European Central Bank.

BPCE appointed joint leads Crédit Agricole, Commerzbank, DZ Bank,Natixis, Natwest Markets, Nordea, NordLB and Santander for a two part eight and 15 year.

The issuer’s outstanding April 2028 was indicated at 4bp over mid-swaps before the announcement, implying fair ...

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