LBBW extended its non-preferred senior curve with a new green bond this week, hitting lead managers' price expectations in spite of soft market conditions.
LBBW was marketing a seven year senior non-preferred bond in green format on Wednesday. The size was capped at €500m from the outset.
It chose Crédit Agricole
, DZ Bank
, LBBW and Nordea
as bookrunners and started out with price thoughts in the 65bp