Commerzbank tier two faces tepid demand
![Commerzbank logo on glass facade, Dresden, Germany](https://assets.euromoneydigital.com/dims4/default/b130eed/2147483647/strip/true/crop/5616x3744+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F3d%2Ff3%2Fcfe5d8a04de88343a7de6898baa7%2Fjbxd03-1.jpg)
◆ Oversubscription did not materialise ◆ Rivals see pricing as too tight ◆ Helaba takes extremely rare Swiss route instead
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