Berlin Hyp shows covered bond issuance has got tougher
Berlin Hyp was unable to tighten pricing as much as it wanted for its seven year Pfandbrief on Monday, showing that a steep fall in yields this year is having a direct impact on the primary market. The transaction provided a clear warning to issuers who believe they should be able to price deals flat to their outstanding curves.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: