Westdeutsche Landesbank Girozentrale’s recent borrowing has been prolific and diverse: among the most active of all Pfandbrief borrowers, the Düsseldorf-based bank has also issued in nine other currencies in the past year alone.
Domestically, WestLB has some Dm175 billion ($100 billion) to Dm180 billion outstanding, with Dm120 billion of that in the Pfandbrief market at the end of July 1998. The bank is also among the top handful of underwriters in the Pfandbrief, and is rated triple-A by Fitch IBCA and Standard & Poor’s for jumbo Pfandbrief.
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