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Commerz EUR1.5bn 5s, 15s a ‘solid’ covered opening

Posted on 2 January 2019


Commerzbank got the euro benchmark covered bond market off to a “solid” start for 2019 today, pricing EUR750m five and 15 year Pfandbriefe on the back of EUR1.7bn of orders – including a modest Eurosystem ticket – at NIPs of some 7bp. LBBW is expected tomorrow in seven years...

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