Washington Mutual Inc., Seattle, has settled its groundbreaking sale of 4.0 billion euros (about $5.1 billion) of European-style covered bonds, indicating that buyer interest in the debt instruments was strong."The demand we saw in the issuance was outstanding," said Robert Williams, senior vice president and treasurer of WaMu. WaMu is the first U.S. bank to complete a transaction in the European covered bond market. Washington Mutual can be found on the Web at http://www.wamu.com.
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