Rheinhyp-BRE puts off bond issue
Rheinhyp-BRE has postponed a second mortgage bond issue from the Spring to the second part of the year. Piotr Cyburt, MD of Rheinhyp-BRE said that because the issue is quoted in EUR then the bank must first build an appropriate credit portfolio. Piotr Cyburt believes that as the offer is in euros then it would be difficult to find a purchaser in this country and so it will be offered on international markets to a closed group of investors.