HSH Nordbank lines up as stability returns
Covered bond spreads stabilised on Monday and bids have gingerly returned after last week’s sell-off. Turnover has been relatively low but spreads in core markets have renewed their tightening trend – though peripheral markets are lagging. In the primary market, the newly restructured HSH Nordbank is on the road until Wednesday and may thereafter decide to bring a €500m Pfandbrief, subject to market conditions.
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