Investors swoop on Helaba and Bawag covered bonds as drought feared
Landesbank Hessen-Thueringen Girozentrale (Helaba) and Bawag enjoyed heavy demand for their covered bonds, issued on Wednesday, amid growing concern that January’s usual supply surge is about to come to an abrupt end.
Helaba attracted demand of almost €2.8bn for its €1.25bn five year and €750m 10 year public sector Pfandbriefe which were priced on Wednesday at 1bp through and 1bp over mid-swaps, respectively.The borrower had mandated Barclays, Commerzbank, Crédit Agricole CIB, Helaba, ING and ...
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