BayernLB and MuHyp set spread records

tight pricing
By Bill Thornhill
29 Apr 2021

Muenchener Hypothekenbank (MuHyp) priced the tightest ultra-long dated Pfandbrief in 18 years this week, setting the record a day after Bayerische Landesbank (BayernLB) priced the tightest covered bond of the year and the tightest Pfandbrief since late 2018.

MuHyp came on Tuesday with its second ultra-long dated Pfandbrief of the year, which was issued flat to the curve and into good demand.

The issuer mandated joint leads Barclays, BayernLB, Commerzbank, DZ Bank and NordLB on Monday for the €500m mortgage backed covered bond due May 2036, opening ...

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