Opportunistic long end covereds wait for HVB's 15 year test

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Opportunistic long end covereds wait for HVB's 15 year test

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UniCredit Bank AG (HVB) and Hypo Vorarlberg Bank AG are expected to open books on Tuesday for Pfandbriefe in the 15 and eight year tenors. The longer deal follows a series of other long-end trades and may be followed by more, as borrowers take advantage of remarkably strong market conditions to do their most difficult deals.

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