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Commerz 10s break Covid-19 deadlock with ‘prudent’ NIP

Posted on 3 March 2020


Commerzbank reopened the euro covered bond market today after a Covid-19-inspired hiatus and attracted over €1.5bn of orders to a €1.25bn 10 year mortgage Pfandbrief, its largest issue in a decade, “pragmatically” pricing it with the highest spread for a German 10 year in over a year...

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