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FIGCovered Bonds

Record Pfandbriefbank deal after two year approved

Pfandbriefbank Schweizerischer Hypothekarinstitute - the Pfandbrief-issuing bank for the non-cantonal banks in Switzerland - made its largest single visit to the market on Tuesday. The Sfr1.15bn (Eu709m) multi-tranche domestic deal featured a broad range of maturities in an attempt to capture the attention of the full spectrum of investors after the issuer received regulatory approval for it shortest maturity to date.

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