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BayernLB 10s work tight to KfW, but limits evident

Posted on 15 January 2018


A EUR500m 10 year Pfandbrief for BayernLB impressed with its final spread today (Monday), landing 3bp back of a KfW 10 year, but the price wasn’t for all as the book closed at EUR730m, showing the limits of Pfandbriefe. NIBC and RLB Noe-Wien are set to issue more 10 years tomorrow...

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