DG Hyp, WL merger to create largest Pfandbrief issuer
Posted on 30 June 2017
DG Hyp and WL Bank have agreed key details of a merger that will create the largest Pfandbriefe issuer, under the name DZ Hyp. The merger is expected to boost liquidity in the banks’ bonds but have only a limited spread impact, although an analyst noted tightening potential in WL’s longest outstanding...
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