LBBW makes an impact with second green senior deal

By Bill Thornhill
15 May 2019

LBBW's second green senior bond, issued on Wednesda,y was comfortably oversubscribed and had many more orders than its debut deal, even though the market backdrop was more volatile this time round. At the same time Westpac New Zealand mandated leads for a roadshow ahead of its own debut green senior bond.

LBBW issued a five year A2/A- rated senior non-preferred at 53bp over mid-swaps with 150 accounts placing orders worth €1.1bn. Initial guidance for the transaction — which was jointly led by DZ Bank, ING, JP Morgan, LBBW, Natixis and Société Générale — ...

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