Yield-hungry investors scoff down Caffil's juicy 20 year

Michis-Fotos - stock.adobe.com

Caffil found good demand for a tightly priced €750m 20 year covered bond on Tuesday — the longest maturing deal issued by a core European bank so far this year. Hamburger Sparkasse was able to launch an eight year Pfandbrief benchmark in the same window, also without giving away much of a premium.