MuHyp’s cautious sterling approach pays off

Muenchener Hypothekenbank took the unusual decision of stretching execution over two days for its fixed rate sterling Pfandbrief, the first to be issued this year. The measured approach paid off with the issuer managing to tighten the spread by 3bp and achieve a larger than expected size.

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Bibliographic Details
Published in:Global Capital 2021-07
Main Author: Thornhill, Bill
Format: Article
Language:English
Subjects:
Fixed rates
Online Access:Get full text
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Summary:Muenchener Hypothekenbank took the unusual decision of stretching execution over two days for its fixed rate sterling Pfandbrief, the first to be issued this year. The measured approach paid off with the issuer managing to tighten the spread by 3bp and achieve a larger than expected size.
ISSN:2055-2165