PBB scales up in sterling covered bonds
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Covered Bonds

PBB scales up in sterling covered bonds

sterling demand

Deutsche Pfandbriefbank (PBB) this week attracted greater demand than Aareal Bank for its December 2021 sterling Pfandbrief, even though it was priced at the same spread and had a lower credit rating. Both deals had a lot of German demand reflecting a sterling’s pick-up to euros.

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