Investors ship in Nordbank
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Covered Bonds

Investors ship in Nordbank

HSH Nordbank priced its first Pfandbrief backed by ships (Schiffspfandbrief) in five years on Tuesday. The Baa2-rated covered bond was never likely to appeal to the broad investor base that buys mortgage backed deals, but with an attractive spread the book was comfortably oversubscribed.

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