NordLB Lux enjoys debut Lux success
NordLB attracted a large and well diversified book for its inaugural €500m no grow five year public sector Lettre de Gage on Monday. Though the transaction is not compliant with the capital requirements directive (CRD) and is not eligible for the covered bond purchase programme, bank investors in particular, which are allowed to buy bonds for their liquidity buffer, gobbled it up.
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