Postbank puts KfW-backed mortgages in public pool
Deutsche Postbank is planning a debut public sector covered bond transaction, expected next week, that will be half-backed by mortgages guaranteed by KfW, an arrangement that promises to extend the amount of collateral that can be viably used as cover for German Pfandbriefe. Meanwhile, Deutsche Kreditbank’s mortgage covered bond programme has been rated by Moody’s.
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