MuHyp goes long in covereds

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By Frank Jackman
15 Jan 2021

Muenchener Hypothekenbank (MuHyp) sold the longest covered bond of the year so far this week, and bankers expect more long end deals to follow.

“This is the longest so far this year, but of course not the longest in the market,” said one syndicate head. “We expect continued demand and issuance at the long end due to low yield environment. Some investors are still keen to pick up positive yields if possible ...

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