UBS, ING Launch Covered Bonds

03 Jan 2012

UBS and ING Bank have launched covered bonds in an effort to lower their funding costs.

UBS and ING Bank have launched covered bonds in an effort to lower their funding costs. UBS is offering a five-year bond at a yield of 61 basis points above the benchmark swap rate, while ING’s bond is 10 years with a yield of roughly 110 bps above ...

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