‘We’ve had easier deals’ — but BHH stands up for tightest jumbo since 08
Berlin Hypothekenbank (BHH) encountered sluggish demand for its €1bn mortgage Pfandbrief on Tuesday as it faced a core bid that has been steadily deteriorating since the start of the year. The deal stands as the only covered bond in the primary market this week, as bankers again warned that tight prints cannot be taken for granted.
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