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Westpac in SOFR pricing first, NIBC due as BHH tap flies

Posted on 15 November 2021

Westpac is in the market today with the first covered bond to be priced with reference to SOFR mid-swaps, a five year 144A/Reg S benchmark, while in euros, NIBC is due with a €500m nine year CPT, after Berlin Hyp uncovered over €1.25bn of demand for a €250m August 2026 tap today...

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