New BNPP jumbo covered bond confounds sceptics
BNP Paribas is today (Thursday) in the market with the first new jumbo covered bond since 8 September 2008, belying fears that the primary market could remain shut for as long as the first half of the year. While no flood of issuance is expected in the wake of the French bank’s deal, there is already talk of further supply next week.
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