LBBW ‘bang on’ with green non-pref despite softer backdrop

By David Freitas
17 Jul 2019

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, HSBC, LBBW and Nordea as bookrunners and started out with price thoughts in the 65bp ...

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