MuHyp satisfies shorts with high yielding tap
Münchener Hypothekenbank priced a €250m tap of its July 2028 covered bond on Wednesday, with demand driven by reverse enquiry and short positions among dealers. Despite a lacklustre launch, the rarity of the name and this tenor suggested it should have performed well — and Wednesday’s tap proved just that.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts