‘Defensive’ LBBW gets €1.6bn book to steady Pfandbriefe
Posted on 16 October 2023
LBBW issued the first German euro benchmark in four weeks today, a €500m no-grow 3.5 year public Pfandbrief that attracted over €1.6bn of demand to place the German segment on a firmer footing, although bankers said longer dated Pfandbriefe could still prove tricky...
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