Westpac enlivens covered bonds, but can it last?
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Covered Bonds

Westpac enlivens covered bonds, but can it last?

Westpac successfully priced the first euro-denominated covered bond of the year on Thursday amid hopes that it will set a positive tone for next week — which is expected to be the busiest of the year. But with confidence still lacking following a string of underperforming deals issued at end of last year, there is still some trepidation that the supply glut will cause a further re-pricing.

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