Covered bond 10 year trio hoovered up with ease
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 ...
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