Deutsche Pfandbriefbank plans dollar covered bond

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By Bill Thornhill
12 Jan 2021

Deutsche Pfandbriefbank (PBB) has mandated leads for a three year dollar covered bond in a move that underscores the importance it attaches to matched currency funding.

PBB has mandated Citi, Credit Suisse, Goldman Sachs and NatWest Markets to lead manage a three year dollar benchmark mortgage covered bond that is expected to be rated Aa1 and will be launched in the near future.

The funding is likely to be considerably more expensive than ...

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