Vienna Insurance falls victim to turbulent markets but Macquarie pushes on
Vienna Insurance has put its plans to issue a subordinated 30 year non-call 10 tier two deal on hold because of deteriorating market conditions, the lead managers said on Wednesday.
The issuer completed a roadshow last week with BNP Paribas and Erste Bank and had intended to price a new issue this week, but market volatility has meant that the deal is now on hold until conditions improve.
We are waiting for better sentiment in the market and
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