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RBC £1.25bn non-UK sterling record sets Sonia fives tight

Posted on 23 January 2020

Royal Bank of Canada sold the largest sterling covered bond from a non-UK issuer today, a £1.25bn five year FRN that attracted over £2.1bn of orders and achieved the tightest pricing yet for a Sonia covered bond in the maturity amid a “scramble” for such paper...

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