Komerční prints first Czech euro covered

By Bill Thornhill, Frank Jackman
13 Jan 2021

Komerční banka sold the Czech Republic’s first euro denominated benchmark covered bond on Wednesday, landing flat to the curve of its Slovakian neighbours despite the European Central Bank’s absence from the book.

KB mandated Société GénéraleBarclays and JP Morganon January 6 to arrange an investor roadshow ahead of a prospective five year euro benchmark deal.

After a week of marketing, the leads opened books for a €500m no grow deal on Wednesday morning with initial price thoughts in the 18bp ...

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