Commerzbank reopens covered bond market

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Commerzbank reopens covered bond market

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The headquarters of Commerzbank in Frankfurt (Germany) with its lights on in the evening of February 22, 2011. The partially nationalized German bank Commerzbank, began 2012 with a drop of more than 60 percent in its first quarter earnings, as informed on May 9, 2012. Photo: Arne Dedert / dpa / au | Arne Dedert/DPA/PA Images

Commerzbank reopened the covered bond market on Tuesday by pricing its largest Pfandbrief in a decade, following a meltdown in global finance last week.

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