Popular casts shadow on Deutsche Pbb's T2 debut

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Popular casts shadow on Deutsche Pbb's T2 debut

Tyler Davies
June 21, 2017 01:00 pm
Banco_Popular_Espanol_PA_230x150
The headquarter of Banco Popular Espanol, photographed in Madrid on 15.04.2013. Photo: Fabian Stratenschulte | Fabian Stratenschulte/DPA/PA Images

Deutsche Pfandbriefbank (Pbb) was unable to build a large order book for its first public sale of tier two debt on Wednesday, having encountered a more “challenging’ environment” following Banco Popular’s resolution which wiped out investors in both additional tier one and in tier two.

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Tyler Davies
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