Hamburg Commercial issues pref note in strong debut

By David Freitas
16 May 2019

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 ParibasCommerzbankDeutsche BankGoldman 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 ...

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