Issuers flock to long end in euro covereds
Danske Mortgage Bank, Santander UK, Raiffeisenlandesbank Hypothekenpfandbrief and UniCredit Bank AG were marketing covered bonds on Wednesday, steering well clear of negative yields by tapping into healthy demand for long dated assets.
Four issuers were marketing covered bonds with maturities between seven and 15 years on Wednesday.
Raiffeisenlandesbank Hypothekenpfandbrief (RLB NO-Wien) appeared at the longer end, launching a €500m 15 year at 7bp over mid-swaps on the back of a €1.2bn order book.Lead managers Barclays, Crédit Agricole, ...
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