Komerční to issue first euro covered bond

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By Bill Thornhill
06 Jan 2021

Komerční banka (KB), a partially owned subsidiary of Société Générale, has mandated leads for the first fully distributed euro benchmark covered bond from the Czech Republic, paving the way for other major lenders to follow suit.

KB mandated Société Générale as global coordinator and joint bookrunner, with Barclays and JP Morgan as joint bookrunners, to arrange an investor roadshow that starts on January 6.

The inaugural five year benchmark fixed rate Czech mortgage covered bond in euros will be issued off KB’s newly ...

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