Aareal issues widest Pfandbrief since 2014

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Aareal issues widest Pfandbrief since 2014

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Aareal Bank this week returned to the euro Pfandbrief market for the fourth time this year to issue a four year deal, which was priced at its widest spread in four years. The fact Aareal chose to pre-fund suggests that spreads may have further to go.

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