Pipeline fills up in covereds

By David Freitas
29 Jun 2020

NN Bank unveiled plans on Monday to issue its first covered bond from its newly published soft-bullet programme. At the same time, Berlin Hyp has mandated lead managers for the sale of a new green covered bond.

NN Bank intends to issue €500m in covered format, with a 10 year maturity, while Berlin Hyp is looking to sell a similarly-sized green pfandbrief in an eight year tenor.

The deal from the Dutch bank will be the first from its new soft bullet issuance programme, which ...

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