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FIGCovered Bonds

Buyers race back to Pfandbriefe

Despite the generally gloomy market conditions that have prevailed for the last year, the German covered bond market has performed well. Though it was feared that tight spreads would sap demand, the need to stay fully invested and be protected against capital erosion has fuelled the market, said panelists at the Euromoney covered bond conference in Munich on Thursday.

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