It’s no giveaway, but HRE finds strong demand
Deutsche Pfandbriefbank this (Tuesday) morning launched a Eu1.5bn five year mortgage-backed Pfandbrief that will be priced at 50bp over mid-swaps, the tight end of guidance, after around Eu4.5bn of orders were registered for the first benchmark from the Hypo Real Estate group since it was bailed out by the German government in September last year.
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