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The ECB´s Asset Purchase Program and Pfandbriefe - Trends and Outlook

01/09/2017
Sabrina Miehs

It just goes on and on. The picture projected by the Pfandbrief primary market again showed no substantial change in year 2 of the European  Central Bank’s asset purchase program. The ECB’s persistently strong interest in new issues has made the successful placement of, in some cases, large-volume bonds something akin to child’s play for German issuers. Even banks which are not regular issuers of euro-denominated benchmark paper seized the moment of late.

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