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BBVA cédulas comeback flies, but muted NordLB surprises

Posted on 11 January 2023

BBVA made a successful return to benchmark cédulas issuance with its first such deal since 2016 today, a €1.5bn four-and-a-half year that attracted some €2.7bn of orders and was priced with a limited NIP, but NordLB found only modest demand for a long seven year Pfandbrief...

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