German Covered Bond Redemptions Sink

Redemptions of German Pfandbrief covered bonds are expected to hit between EUR105 billion ($138.6 billion) to EUR110 billion ($145.2 billion) in 2012, their lowest level since the mid-1990s, according to Commerzbank.

  • 21 Mar 2012

Redemptions of German Pfandbrief covered bonds are expected to hit between EUR105 billion ($138.6 billion) to EUR110 billion ($145.2 billion) in 2012, their lowest level since the mid-1990s, according to Commerzbank. Issuance is also expected to decline as a result of the European Central Bank’s liquidity program.

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GlobalCapital European securitization league table

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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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