Berlin Hyp and Bawag rarities achieve strong execution on busy day
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Covered Bonds

Berlin Hyp and Bawag rarities achieve strong execution on busy day

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Berlin Hyp’s six year green Pfandbrief and Bawag’s 20 year vanilla covered bond attracted strong demand on Tuesday reflecting the paucity of supply, a steadier rates outlook, the rare tenors on offer and, in Berlin Hyp’s case, the green collateral. At the same time VUB mandated leads for a five year covered bond, the first from Slovakia this year.

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