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ASB Eu500m sevens set record tight for issuer

Posted on 9 October 2017


New Zealand’s ASB issued its tightest covered bond today, a Eu500m seven year issue that was priced at 10bp over mid-swaps on the back of Eu1.75bn of orders, with a pick-up of around 2bp deemed substantial enough to drum up strong demand in favourable market conditions...

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