Commerzbank thinly subscribed on return to non-pref market
Commerzbank attracted only €700m of demand for a €500m non-preferred senior bond this week, with a lead manager suggesting the deal showed the ‘state of the market’ as it welcomes an influx of tightly priced supply.
The five year non-preferred senior bonds are expected to have a rating of Baa2/BBB/BBB+.Guidance was set at 80bp-85bp area over, with demand ...
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