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First aircraft Pfandbrief due next year
22 September 2011
The issue of the first bond backed by aircraft loans in the German market has been delayed by the ratings process.
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NordLB
Tammo Reimann
DVB Bank
Hans Dahringer
aircraft Pfandbrief
Pfandbrief
German bank NordLB's plans to issue the first covered bond collateralized by aircraft loans have been pushed to next year, according to a bank executive. NordLB is planning a €500 million first issuance and expects to raise at least €1 billion per year in additional funding with the product.
Airfinance Journal reported earlier this year that the first aircraft Pfandbrief was due to launch...
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