Commerz doubles up with euro, sterling bail-inable senior

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By David Freitas
15 Jan 2020

Commerzbank was able to attract "very high quality books" for its issue of non-preferred senior euro and sterling bonds on Wednesday.

Barclays, Commerzbank and Deutsche Bank were bookrunners on both tranches. The German lender, rated Baa2/BBB/BBB+, also chose ING and Natixis to run the euro book and NatWest Marketsfor the sterling.

The euro seven year started with price thoughts of 120bp over mid-swaps. The leads looked at ...

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