Parched investors horde around Commerzbank’s Pfandbrief tap
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Covered Bonds

Parched investors horde around Commerzbank’s Pfandbrief tap

Commerzbank 3

With an unreconciled order book of almost €800m, Commerzbank’s €250m negative yielding eight year Pfandbrief tap issued on Friday neatly illustrated the desperation of investors.

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