ING DiBA shows thriving covered bond bid

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By Bill Thornhill
16 May 2019

The frenetic pace of buying seen in covered bonds issued earlier this month may have ebbed as rates market volatility has increased, but Thursday’s dual tranche offering from ING DiBA showed that demand is still vigorous.

ING DiBA issued a €750m eight year Pfandbrief at 2bp through mid-swaps with orders of €1.7bn and a €750m 20 year at 8bp over with demand of €1.35bn. The order book was quick to grow with the transaction completed by 10:30am UK time.

“We’re no longer getting ...

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