LBBW fails to move pricing for sterling green bond
LBBW struggled to get going with a new green bond in the sterling market this week. It had to settle on a final spread at the wide end of its initial price thoughts.
The German lender was looking to sell a new five year non-preferred senior bond in green format on Monday.
It opened books at about 9.30am UK time, through Credit Suisse, LBBW, Lloyds Bank and RBC Capital Markets.The lead manager group started with price thoughts for ...