HRE prices mortgage Pfandbrief despite doubts

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HRE prices mortgage Pfandbrief despite doubts

Hypo Real Estate International (HRE) priced a Eu1bn two year Hypothekenpfandbrief yesterday (Tuesday) afternoon at 9bp over mid-swaps on the back of a book dominated by domestic accounts, taking the first steps to locating the new space occupied by German mortgage backed deals.

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