Deutsche Apotheker, Montepio and NordLB Lux line up in covered bonds

Portugal Flag 230x150
By Bill Thornhill
05 Nov 2019

Caixa Economica Montepio Geral (Montepio) mandated leads for the second Portuguese covered bond of the year on Tuesday, and NordLB Luxembourg has signaled its intention to press ahead with its debut renewable energy covered bond following a roadshow.

Montepio mandated CommerzbankNatixisNatWest MarketsUniCredit and its own investment bank to lead manage a conditional pass-through covered bond that will be rated A1/AA-/A with Moody’s, Fitch and DBRS.

The issuer has planned a global call with investors on Tuesday for the five year deal and could issue a ...

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