Covered bond trio mandate amid superb market conditions

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By Bill Thornhill
15 Sep 2020

Bawag, NN Bank and Eika Boligkreditt took advantage of exceptionally strong market conditions to mandate leads for covered bonds that are expected to be priced imminently.

Austrian issuer Bawag mandated BNP Paribas,DZ Bank, Erste Group, Helaba and LBBW for a €500m 10 year to be launched on Wednesday.  

The issuer’s outstanding 0.01% October 2029 and 0.625% June 2034 were respectively indicated at 7bp and 9bp over mid-swaps suggesting fair ...

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