BNPP brings covered back to Switzerland as banks, agencies issue at tighter spreads
BNP Paribas sold a Sfr275m five year covered bond on Monday, the first public mortgage backed covered bond in Swiss francs since September and the largest in over a year.
It was priced at 75bp over mid-swaps, the tight end of 75bp-80bp guidance."The response to BNP Paribass first quarter ...
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