UniCredit Bank chooses five years for safest covered bond execution
![Hypo-Hochhaus, administrative building of the HypoVereinsbank, Arabellapark, Bogenhausen, Munich, Bavaria, Germany, Europe](https://assets.euromoneydigital.com/dims4/default/669b510/2147483647/strip/true/crop/3888x5184+0+0/resize/840x1120!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fab%2Fdc%2F84c6d6124bdbb5ae077a23d19677%2Fk3rrk5.jpg)
Oversubscription, 5bp price tightening and a smaller concession are reassuring signs for the asset class after a week of struggling deals
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