LBBW pays modest Pfandbrief premium

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LBBW pays modest Pfandbrief premium

LBBW_Alamy_230x150
EM0HTH Detail office-building Heilbronner Strasse, LBBW-bank headquarter in Stuttgart, Baden-Wuerttemberg, Germany | Alamy Stock Photo

LBBW issued a well subscribed €650m nine year public sector loan-backed Pfandbrief on Monday at a relatively tight new issue concession compared with many recent negative yielding covered bonds.

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