Land NRW grabs €4.75bn in dual-tranche blowout

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By Burhan Khadbai
06 Mar 2019

The State of North Rhine Westphalia sold an unusually large amount of debt in the SSA market on Wednesday through a dual tranche offering, with one of the bonds coming with a sustainable label.

Leads DekaBank, DZ Bank, HSBC, ING, Nomura and Société Générale priced a €2.5bn seven year conventional March 2026 — Land NRW’s largest ever single issue — and a €2.25bn 15 year sustainable March 2034.

The seven year was priced with a spread ...

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