DHB rescue: spun as good and bad for Pfandbriefe
The last covered bond stronghold against the financial crisis fell last night, when the Association of German Banks (BdB) took control of troubled lender Düsseldorfer Hypothekenbank. The BdB intends to sell the bank to a third party in the coming weeks. There has been an immediate fallout, with France’s Caisse de Refinancement de l’Habitat pulling back from its new 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