HVB to issue positive yielding 10 year Pfandbrief

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HVB to issue positive yielding 10 year Pfandbrief

UniCredit_PA_230x150_3Dec2019
Unicredit Tower (Torre Unicredit) in the new building complex Porta Nuova in Milan, Italy, 14 March 2015. Photo: NICOLE BECKER/dpa | Nicole Becker/DPA/PA Images

UniCredit’s German subsidiary, HVB, is expected to open order books for a 10 year benchmark on Tuesday. With swap yields currently just positive, the deal has a slim chance of offering a positive return.

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