Pbb closes in on competitors with seven year Pfandbrief

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Pbb closes in on competitors with seven year Pfandbrief

Deutsche Pfandbriefbank (Pbb) launched its second benchmark covered bond of the year this week. It priced a seven year deal at less than half the spread it paid for the same tenor only months ago, as it continues to shake off a troubled past and close the gap on its competitors.

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