Caffil issues tightest covered bond in over a year
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Covered Bonds

Caffil issues tightest covered bond in over a year

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Caisse Francaise De Financement Local (Caffil) issued only the second covered bond of the year in a large size on Monday, pricing the deal flat to its curve. Despite the prospect of mounting covered bond redemptions, the supply outlook remains abysmal, suggesting spreads will tighten more.

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