NIBC gets wider and deeper demand for second CPTCB

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NIBC gets wider and deeper demand for second CPTCB

NIBC Bank returned to the covered bond market this week to launch its second conditional pass-through covered bond (CPTCB). The book suggested that the issuer attracted a greater scale of demand from a wider group of buyers than in its first deal. The growing acceptance of this innovative product at a much tighter spread bodes well for future use of the structure.

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