Turnout a sign of approval, says new HRE issuer

Deutsche Pfandbriefbank yesterday (Tuesday) priced a Eu1.5bn five year mortgage-backed Pfandbrief that marked the Hypo Real Estate group’s post-rescue return to the public funding markets. The issuer pointed to the size of the order book and number of participating accounts as a sign of investors’ readiness to accept Deutsche Pfandbriefbank as an issuer.