LBBW issues record-breaking sterling covered bond

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Covered Bonds

LBBW issues record-breaking sterling covered bond

Bill Thornhill
May 09, 2018 02:30 pm
LBBW_PA_230x150
The logo of the State Bank of Baden-Wuerttemberg LBBW is featured at the entrace to its headquarters in Stuttgart, Germany, 22 November 2012. Stuttgart's local council discusses the transformation of 'silent investments' in the bank into core capital. Photo: BERND WEISSBROD | Bernd Weissbrod/DPA/PA Images

At £750m, the debut sterling covered bond issued by LBBW on Wednesday was by far the largest ever of its kind sold by a European bank, with the trade attracting demand that was off the scale compared with anything that had previously been issued in the currency.

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Topics

LBBWGermanyEuropeEMEAFIGCovered Bonds
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Bill Thornhill
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