Issuers face uphill battles in ‘exhausted’ covered market
Posted on 18 May 2022
The primary market proved tough today, as Caffil tested the long end of the market and Sabadell offered rare Spanish supply, with oversubscription levels limited for both, while a HCOB €500m ship Pfandbrief and a Raiffeisenverband Salzburg sub debut achieved modest successes...
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