PBB
-
◆ Issuer has 'a long history' in tier two market ◆ Deal follows recent US CRE exit news ◆ Fair value 'tricky' as investor feedback sought -
◆ PBB opts for four year deal ◆ Marginal drops as German issuer tightens spread ◆ Investors appreciate the room for performance
-
◆ High spread attracts credit focussed accounts ◆ Strong demand for covered return ◆ Deal spotted 5bp tighter in secondary
