Investors to snub Hamburg Commercial Bank debut
Hamburg Commercial Bank is looking to land a debut senior bond in the euro market in May, hoping to open a new chapter in the history of the restructured HSH Nordbank. But the institution may find it difficult to move on, with a group of influential investors angry over previous management decisions threatening to derail the deal.
Hamburg Commercial Bank is set to enter the bond market for a preferred senior note, for which it started investor meetings on Monday.
But a group of more than 35 investors said on Tuesday they would not participate in the sale.The group of investors, whose assets under ...