找金融词汇 来路透金融词典
德国抵押债券 - Deguo diya zhaiquan
指为抵押贷款或公共项目融资而发行的德国债券。这种债券只能由获特别准许的银行发行，需有充足的抵押，由抵押贷款或公共部门贷款担保。德国抵押债券在德国证券交易所挂牌买卖，发行人通常会维持一个有足够流动性的二级市场。这种债券是德国债市最重要的产品之一，该市场流动性较高的部分，称为Jumbo Pfandbriefe。
Pfandbriefe
German bonds issued to refinance mortgages or public projects. They can only be issued by specially authorized banks, which are also fully liable for each issue and are secured by mortgage or public sector loans. Pfandbriefe are officially quoted on German stock exchanges. Issuers usually maintain a secondary market.
