‘Some of the Laender just don’t care’: bankers vent frustration at undersubscribed deals

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By Burhan Khadbai
18 Sep 2020

A number of syndicated deals from German regions have failed to reach full subscription over the last few weeks. It is not clear whether they will respond by offering greater new issue premiums.

This week, the State of Hessen became the latest casualty in what has been a series of undersubscribed deals from German states in recent weeks.

Hessen raised €1bn with a September 2027 bond at mid-swaps minus 4bp on Tuesday via DekaBank, Deutsche Bank, Helaba, TD Securities ...

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