Covered bond pipeline swells as trio prepare

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By Bill Thornhill
28 Sep 2020

Fédération des Caisses Desjardins du Québec (CCDJ) mandated leads for its first dollar covered bond in a year on Monday. The issuer joins Sumitomo Mitsui Trust Bank, which on Monday crystallised plans to press ahead with its debut deal following a period of soft marketing, while Swedish non-conforming lender Bluestep Bank commenced marketing on Monday.

And there is more on the slate for next month with Bausparkasse Schwäbisch Hall planning its debut.

On Monday CCDJ mandated Barclays, BMO Capital Markets, Citigroup and UBS to arrange a series of global fixed income investor calls on Tuesday with plans to issue a three year fixed rate ...

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