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Investors swoon at NIBC’s rare CPT

NIBC, Holland, Bank,
By Bill Thornhill
14 Apr 2021

Investors wasted little time placing orders for NIBC Bank’s €500m 10 year conditional pass-through covered bond that was issued on Wednesday, reflecting that it offered the highest spread of any covered bond issued this year by any bank in core Europe. This is also likely to be a very rarely issued structure.

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By Bill Thornhill
14 Apr 2021