Commerzbank shows slim premium in busy day for bonds

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By Tyler Davies
27 Nov 2019

Commerzbank was careful to leave a bit of premium on the table for investors on Wednesday, as it took home €500m of seven year funding ahead of the Thanksgiving holiday in the US.

The German bank opened books on its new €500m seven year preferred senior deal through ABN Amro, Commerzbank, DekaBank, Santander and UniCredit.

The syndicate group started the pricing in the low 80bp over mid-swaps area, but managed to guide investors towards a tighter spread ...

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