Pfandbriefe trio price flat to their curves

By Bill Thornhill
16 Jan 2020

Helaba, Deutsche Bank and Deutsche Pfandbriefbank (PBB) had little trouble accessing the Pfandbrief market this week with a series of deals that were priced flat to their curves.

Helaba attracted demand of almost €2.8bn for its €1.25bn mortgage backed five year and €750m public sector backed 10 year 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, ...

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