Land NRW shows 100 year bonds becoming ‘more of a mainstream product’

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By Burhan Khadbai
07 Jan 2021

State of North Rhine-Westphalia’s third and biggest century bond built an impressive order book in terms of size and number of accounts from a diverse range of investors this week, proving this niche part of the curve is increasingly popular with buyers.

Land NRW wasted no time in getting its third century bond out, announcing the mandate on Monday, the first day back of 2021. It selected BarclaysDeutsche BankHSBCJP Morgan and Nomura to lead the deal.

The leads opened the books on the new January 2121 euro benchmark with ...

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