LBBW pays modest Pfandbrief premium

By Bill Thornhill
09 Sep 2019

LBBW issued a well subscribed €650m nine year public sector loan-backed Pfandbrief on Monday at a relatively tight new issue concession compared with many recent negative yielding covered bonds.

The €650m no-grow deal was priced at 1bp over mid-swaps with a concession of about 2bp, which is roughly half that paid by other recently issued Pfandbrief. Joint lead managers on the deal were Commerzbank, ING, LBBW, NatWest Markets, Rabobank and Swedbank.


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.