Investors rush to Santander’s Pfandbrief, but shy away from LBP’s 15 year
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Investors rush to Santander’s Pfandbrief, but shy away from LBP’s 15 year

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Santander Consumer Finance in Germany attracted excessive demand for its debut benchmark Pfandbrief which offered a considerable pick-up over swap rates. However, demand was more tentative for La Banque Postale’s 15 year, possibly due to renewed volatility in rates.

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