‘Bullish mood’ helps Commerzbank crank pricing on AT1

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‘Bullish mood’ helps Commerzbank crank pricing on AT1

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frankfurt, hesse/germany - 11 10 18: commerzbank bank sign on an building in frankfurt germany | Tobias Arhelger - stock.adobe.com

Commerzbank was almost six times covered at the peak of its book for a €500m additional tier one (AT1) on Tuesday, as the German firm leveraged the small size of the transaction to squeeze pricing.

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