Grenke hits the road for potential euro AT1

HitTheRoad_Alamy_230x150
By David Freitas
25 Nov 2019

Grenke on Monday announced new plans for additional tier one (AT1) bond on Monday. The bank and leasing company could be looking at a small issuance window for its offering, with DCM officials predicting an early end to the year for deal flow.

Grenke is aiming to sell a euro AT1 bond with a perpetual maturity, callable after seven years.

The German issuer mandated Deutsche Bank and HSBC to run investor meetings. It is running a global investor call on Monday.

The intended securities will be callable from March ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial