Jyske prices flat to curve with record demand

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By Bill Thornhill
05 Mar 2019

Jyske Realkredits sold a six year covered bond at a level that was flat to its existing curve on Tuesday, with an subscription ratio that was higher than any other Danish euro covered bond ever issued.

Jyske Realkredit, which used to be called BRFKredit, attracted demand of almost €2bn for its €500m April 2025 — priced at 12bp over mid-swaps, in from 16bp area initially. 

Joint leads on the AAA rated deal were Credit Suisse, DekaBank, LBBW and Nordea.

Order momentum was ...

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