Investors rush to Santander’s Pfandbrief, but shy away from LBP’s 15 year
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.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: