HBOS covered deal will change bond markets

26 Jun 2003

HBOS plc unveiled the UK's first covered mortgage bond structure this week - a deal whose significance is much greater than its mere novelty, and whose impact is likely to stretch far beyond the sale period.

Citigroup, Dresdner Kleinwort Wasserstein and Goldman Sachs will launch the deal in mid-July after two weeks of ...

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