Abbey Closes First Covered Bond In Three Years

08 Oct 2009

Abbey National priced and closed its €1.75 billion ($2.58 billion) covered bond yesterday, the bank’s first since 2006, further opening the U.K. market.

-- Daniel O’Leary

Abbey National priced and closed its €1.75 billion ($2.58 billion) covered bond yesterday, the bank’s first since 2006, further opening the U.K. market. Achim Linsenmaier, director and head of covered bond syndicate with Deutsche Bank, said the seven year deal had priced at 65 basis points ...

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