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Covered bonds go long as coupons lows hit

By Bill Thornhill
19 Jun 2014

The covered bond market had one of its busiest weeks this year as six borrowers from five countries raised €5bn. With outright yields continuing to decline, and investors scrambling to hit return targets, supply was slanted to the long end, where more yield was on offer. Even so, several deals offered coupons that set new lows.

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By Bill Thornhill
19 Jun 2014