Over-ambitious NordLB widens in after market
Domestic investor support and an eye-catching 6% coupon was not quite enough to stop a Eu400m 10 year bullet lower tier two for Norddeutsche Landesbank from widening by 25bp against Bunds this week. The deal, which was priced on Tuesday, was caught up in a softer market on Wednesday and was still below re-offer on Thursday.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts