Commerzbank hits tier two amid ‘deal fatigue’
Commerzbank walked away with €500m of tier two capital on Monday, though the German lender was unable to build a large book amid a bout of deal fatigue in the euro market.
Commerzbank hired Bank of America Merrill Lynch, Commerzbank, Crédit Agricole, Credit Suisse and UBS as bookrunners for the new 10 year tier two sale, while Bank of Montreal, Royal Bank of Canada and SEB joined as lead managers without books.Initial price thoughts ...
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