Land NRW finishes 2020 funding amid overwhelming demand

By Lewis McLellan
05 Oct 2020

The German State of North Rhine-Westphalia came to market on Monday for its final benchmark bond issue of 2020 — a €2.4bn sustainability bond. Although NRW is winding up this year's funding, there are still plenty of deals in the pipeline from its fellow Laender.

LBBW, Natixis, NatWest Markets, Rabobank, TD Securities and UniCredit ran the books for the deal, after holding a round of investor calls last week.

The transaction hit screens on Monday morning and was priced in the early afternoon.

“We typically mandate in ...

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