Luxembourg bank to rival French and German Pfandbriefe market

07 Sep 2000

Investors looking for triple-A debt with a difference will welcome Pfandbrief Bank International (PBI) joining the market. The Luxembourg bank is to sign a euro7.5 billion ($7.22 billion) debt issuance programme and a euro1 billion Euro-CP facility within the next two weeks. PBI's facility can issue lettres de gage, Luxembourgeoise ...

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