Issuer: Rheinische Hypothekenbank
Amount: €10 billion
Launch: October 1997
Arrangers: Commerzbank, Morgan Stanley Dean Witter
The MTN market may be a young pretender in the international capital markets, but at Rheinische Hypothekenbank (Rheinhyp) it has a very familiar feel. “Effectively we have been an MTN issuer for 125 years,” says treasurer Georges Ruchti.
An impressive claim given that the Euro-MTN market celebrated its tenth birthday only last year. But Ruchti points to the frequent-borrower privilege enjoyed by mortgage banks under German law.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
