L-Bank funding boss still backs auction format, despite pulled trade

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By Burhan Khadbai
06 Apr 2020

Despite an unsuccessful experience in selling a trade through an auction in March, L-Bank’s international funding officer, Sven Lautenschlaeger, has not been put off by the format. He believes it is the best way to sell a bond as it gives investors the power to set the price.

“Sometimes you win, sometimes you lose,” said Lautenschlaeger, on L-Bank’s pulled auction transaction last month.  “You cannot always be right. If you don’t try, you can never get an understanding.”

L-Bank surprised many market participants as it attempted to reopen the primary dollar public sector bond market ...

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