Berlin Hyp seeks to repurchase €1.25bn of euro covereds

By David Freitas
05 Jun 2020

Berlin Hyp has launched tender offers on four of its euro covered bonds in an effort to optimise its funding costs and provide liquidity to investors. The issuer also plans a new long dated covered bond.

The German lender said on Friday that it was inviting bondholders to tender some of their notes for cash.

It is looking to buy back some of its €750m 0% November 2021s, its €1bn 0.01% August 2022s, its €750m 0% October 2022s and its €750m 0.25% May 2023s, at ...

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