Niedersachsen Invest scores with debut bond

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By Burhan Khadbai
06 Jul 2020

Niedersachsen Invest GmbH, the financing vehicle 100% guaranteed by the State of Lower Saxony with a policy mission for the recapitalisation and long-term restructuring of NordLB, received a strong reception from investors for its debut bond on Monday.

Following a global investor call on June 23, leads Deutsche Bank, DZ Bank, HSBC and LBBW opened the books on a euro benchmark dual-tranche, comprising July 2025 and July 2035 bonds with guidance of mid-swaps plus 15bp area and plus 30bp area, respectively.

The ...

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