Yield-hungry investors scoff down Caffil's juicy 20 year
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Yield-hungry investors scoff down Caffil's juicy 20 year

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Caffil found good demand for a tightly priced €750m 20 year covered bond on Tuesday — the longest maturing deal issued by a core European bank so far this year. Hamburger Sparkasse was able to launch an eight year Pfandbrief benchmark in the same window, also without giving away much of a premium.

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