“Holiday? What holiday?” asks Depfa

Depfa Deutsche Pfandbriefbank impressed the covered bond market yesterday with a new two year public sector Pfandbrief. The jumbo attracted more than Eu4.5bn of orders within an hour and a half of the leads opening the books, enabling pricing at the tight end of guidance and a Eu2bn deal size. Read EuroWeek on Friday for more on Depfa’s summer blockbuster.