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RBC £1bn international Sonia fives first draws £1.25bn bid

Posted on 27 September 2019


Royal Bank of Canada printed the first five year Sonia-linked sterling covered bond from a non-domestic issuer yesterday, attracting £1.25bn of orders to a £1bn transaction that is RBC’s first risk-free rate-linked benchmark. CRH’s comeback euro benchmark is meanwhile set for launch next week...

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