Aareal Bank sells debut Hong Kong dollar MTN
Aareal Bank sold its first Hong Kong dollar denominated deal on Tuesday — a HK$220m ($28m) mortage-backed Pfandbrief placed with an Asian bank.
The two year senior unsecured note pays three month
Hibor plus 12bp. Proceeds will be swapped back into euros. The deal, the issuers
first in the currency, was based on reverse enquiry from one Asian bank
investor, said a funding official at Aareal, adding that the bank is not
actively looking for
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