DVB’s Schiffspfandbrief

On Monday, DVB announced that its first ship covered bond issue or Schiffspfandbrief was successfully placed last week by joint lead managers, DZ Bank and Deutsche Bank. The bank issued EUR 250 million of three year 2.25% bonds, which were sold at 99.702%, equivalent to a spread of 50 bps over mid-swaps.

This is only an excerpt of DVB’s Schiffspfandbrief

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