Covered trio to hit market with more negative yields

Three_jars_coins_FIG_Adobe_230x150
By Bill Thornhill
03 Sep 2019

Deutsche Hypo, Erste Group and Credit Agricole SCF have mandated leads for covered bonds that are all expected to carry negative yields.

Deutsche Hypo is planning to open order books for a €500m no-grow three year Pfandbrief rated Aa1. It has mandated ABN AmroCommerzbankDZ BankNatWest Markets and NordLB as lead managers.

The issuer’s outstanding 0.125% was indicated at 4.5bp through mid-swaps and recent three year deals from Berlin Hyp and ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

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: subs@globalcapital.com or find out more online here.