Hamburg Commercial Bank priced its inaugural public bond on Thursday, a preferred senior deal which seemed to be unaffected by the litigation threat the bank is facing as it attracted €1.2bn of demand.
The former HSH Nordbank chose BNP Paribas, Commerzbank, Deutsche Bank, Goldman Sachs and its own syndicate to run the transaction. CaixaBank acted as co-manager.
The sale of the three year preferred senior note started at initial price thoughts of 90bp-95bp area over mid swaps.
Its size had been set