MuHyp prices rare 20 year flat to covered curve

tight pricing
By Bill Thornhill
27 Oct 2020

Münchener Hypothekenbank (MuHyp) issued a €500m 20 year flat to fair value on Tuesday even though market conditions were volatile.

After mandating Commerzbank, DekaBank, DZ Bank, NatWest Markets and NordLB on Monday, MuHyp opened books on Tuesday for its second benchmark of the year and the third 20 year to be issued across the entire covered bond market this year.

Order books for the €500m no-grow 0.01% November 2040 ...

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