Fortis Said To Scratch RMBS-Backed Covered Bond

Fortis NL, the Dutch lender, reported has decided not to go ahead with a planned covered bond backed by residential mortgage-backed securities, dashing hopes of stimulating the European covered-bond market.

  • 18 Nov 2009
Fortis NL, the Dutch lender, reported has decided not to go ahead with a planned covered bond backed by residential mortgage-backed securities, dashing hopes of stimulating the European covered-bond market. Sources said a major reason for Fortis’ change of heart was its decision last month not to call ...

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1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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3 Wells Fargo Securities 55,825.35 161 8.10%
4 JPMorgan 52,873.25 155 7.67%
5 Credit Suisse 44,197.08 113 6.41%