Can Pfandbrief coupons get any lower? Germany’s popular covered mortgage bonds have long been popular with investors due to their high degree of safety but, as coupons shrink, investors are starting to query whether they are moving towards the ‘Nega-Coups’ offered by two-year German Bunds.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
