Almost flat to agencies a ‘terrific result’ for Postbank
Deutsche Postbank yesterday (Wednesday) priced the first 10 year jumbo mortgage-backed Pfandbrief since July 2009 at 18bp over mid-swaps, which is the tightest re-offer for a covered bond with that maturity since the collapse of Lehman Brothers and close to agency levels. Meanwhile, Eurohypo today (Thursday) priced a Eu500m four-and-a-half year floating rate public sector-backed issue.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts