BayernLB preps covered bond return

By Frank Jackman
23 Apr 2021

Bayerische Landesbank (BayernLB) is readying to issue its first covered bond in over two years, having appointed banks on Friday to sell a 10 year deal.

The German lender has mandated its own investment bank, BNP Paribas, ING, Natixis and Santander to arrange the forthcoming €500m no-grow 10 year covered deal.

The bond is expected to hold a Aaa rating from Moody’s and is expected to be launched in the ...

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