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Nationwide's dual tranche may establish new precedent

By Jonathan Algar
19 Jun 2014

Nationwide opened books on Wednesday for the first post-crisis UK dual tranche covered bond, and only the second in that format from any jurisdiction this year. The successful outcome may help to establish dual tranche syndication for those issuers looking to raise large amounts of cash without compromising execution.

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By Jonathan Algar
19 Jun 2014