Covered bond 10 year trio hoovered up with ease

By Bill Thornhill
18 Jan 2018

NIBC, Raiffeisenlandesbank NiederÖsterreich-Wien (RLB NW) and BayernLB were easily able to sell 10 year covered bonds issued this week, thanks to their small size and European Central Bank demand.

A covered bond dealer not involved in any of the transactions said it was no surprise that all three offerings were executed smoothly, given their €500m size, and that the ECB bought 25%-36% of them.

RLB-NW issued a €500m 10 year, Aaa-rated, mortgage-backed, hard bullet Austrian covered bond at ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.