Kreditbank achieves ambitious price; Aareal funds cheaper in dollars
Deutsche Kreditbank closed the spread gap to its higher rated peer, Muenchener Hypothekenbank (Muhyp) on Thursday when it priced a 12 year mortgage Pfandbrief. The ambitious price was justified by the high quality book and comfortable level of oversubscription. Meanwhile Aareal Bank is out with guidance on its first RegS dollar benchmark, which will be priced later today.
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