PBB prices tightest Sonia covered bond

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Covered Bonds

PBB prices tightest Sonia covered bond

Bill Thornhill
April 20, 2021 01:45 PM
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Deutsche Pfandbriefbank (PBB) issued the tightest ever Sonia-linked covered bond on Tuesday at close to fair value, with little spread sensitivity and a high quality order book. The strong result sent a positive signal to other issuers with natural sterling funding needs.

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GermanyEuropeEMEAFIGCovered Bonds
BT
Bill Thornhill
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