Secondaries beside the point, says lead as BCP orders flood in

24 Apr 2008

Portugal’s Millennium BCP launched and priced its long awaited covered bond yesterday (Thursday) and quickly attracted Eu2bn of demand for its Eu1bn two year deal at guidance of the 40bp area over mid-swaps.

However, while acknowledging that issuers need to be prepared to pay up in today’s market, some ...

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