Vienna holds SSD, NSV as lenders dash into books
The City of Vienna’s long-dated loans are three times subscribed three weeks into the marketing process. As investor appetite grows for longer-dated maturities, corporates are beginning to find luck with the product.
Vienna entered the Schuldschein market in the middle of November with a €75m triple tranche transaction. Lead Helaba is not accepting any more commitments, as order books have been filled three times over.Helaba offered investors margins of 15bp-20bp, 25bp-30bp and 35bp-40bp over Euribor for the 10, 15 ...
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