NN Bank builds strong demand behind soft bullet debut

By David Freitas
30 Jun 2020

NN Bank used a quiet market this week to launch the first deal from its new soft bullet covered bond programme. The inaugural deal carried an ‘attractive’ spread and was more than three times subscribed at final terms.

Lead managers BNP Paribas, ING, LBBW, Rabobank and UniCredit were marketing the issuer’s debut soft bullet covered bond on Tuesday.

The deal had a 10 year maturity and its size was capped at €500m.

To determine pricing, the leads were looking at deals from ...

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