Financial Times FT.com

Covered bonds begin to draw wary investors out of hiding

By Joanna Chung and David Oakley in London

Published: September 27 2007 22:17 | Last updated: September 27 2007 22:17

Tim Skeet, a banker at Merrill Lynch, was unusually anxious this week.

He had to help raise more than a billion euros in a corner of the financial markets that had seized up over the summer as shocked investors refused to lend money.

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