BayernLB struggles in dollars, NBC prices defensively

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Covered Bonds

BayernLB struggles in dollars, NBC prices defensively

Bill Thornhill, 
Virginia Furness
April 16, 2015 05:45 PM

BayernLB printed the fourth German dollar covered bond of 2015 on Tuesday. Short dated Pfandbrief issuers are being forced into dollars as issuing in euros would result in negative yields.

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