Sub-ECB depo Berlin Hyp 3s hit €1bn as bank bogeys met
Posted on 20 August 2019
Berlin Hyp won plaudits for the execution of a three year Pfandbrief at a yield of minus 0.588% today, which it was able to size at its maximum EUR1bn. Despite the yield being well below the ECB deposit rate, the pricing was said to have satisfied certain bank investor targets...
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