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Covered-Bond Sales Set Record In 2010

Banks sold a record $356 billion in covered bonds last year, a near 20% increase from 2009, according to Dealogic, reports Financial Times.

Banks sold a record $356 billion in covered bonds last year, a near 20% increase from 2009, according to Dealogic. Sales are expected to remain strong in 2011 as nervous investors continue to turn to safe forms of debt, such as covered bonds. Covered bonds accounted for one-third of all European bank borrowing last year, the highest proportion since 2002.

Click here to read the story from The Financial Times.

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