‘Grandmasters of swap-minus territory’ MüHyp tap Pfandbriefe to pre-Lehman levels
Münchener Hypothekenbank on Monday priced a Eu125m tap of a June 2015 benchmark mortgage Pfandbrief at a re-offer level of 6bp through mid-swaps, believed to be the tightest pricing on a benchmark covered bond since the collapse of Lehman Brothers.
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