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UniCredit beta beats DB as buyers hunt for spread, yield

Posted on 24 August 2016


UniCredit benefited from a lack of Italian supply to take over Eu1.8bn of demand for a Eu1bn 10 year OBG today, as a Eu500m 12 year Pfandbrief for Deutsche attracted Eu600m of orders, with the two banks offering similar premiums, and bankers said higher beta names will be favoured...

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