WL long tenor attracts bumper book
Westfälische Landschaft Bodenkreditbank (WL Bank) opened books on Thursday on an AAA rated €600m no-grow 10 year mortgage-backed Pfandbrief, its second deal of the year and the fifth 10 year print to come out of Germany in 2014. In contrast to Aareal Bank’s deal on Wednesday WL’s order book was oversubscribed many times.
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