EEPK sells first 'covered bond squared'

27 Jan 2006

Erste Europäische Pfandbrief-und Kommunalkreditbank of Luxembourg launched the first issue of lettres de gage hypothécaires this week, a Eu100m floating rate note. However, rather than being directly backed by mortgage loans, the deal is backed by mortgage-backed covered bonds that are UCITS eligible. This is the first time ...

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