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MMB pulls debut, averts ‘worse failure’, in sign of times

Posted on 27 September 2018


MMB SCF pulled its inaugural covered bond today as an ECB-shaped hole in the book left it with EUR400m of orders for a EUR500m deal, but bankers said the issuer avoided “even worse failure”. BNPP Fortis was able to print a solid yet slow EUR500m seven year...

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