Oberbank debuts in senior non-preferred

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By Frank Jackman
19 Jan 2021

Oberbank sold its first senior non-preferred bond on Tuesday. The issuer's investor work paid off as more than 70 accounts poured into the sub-benchmark deal, which was almost two times covered.

The Austrian lender mandated DZ Bank, Erste, Helaba and Raiffeisen last Thursday for an eight year senior non-preferred sub-benchmark deal — its first issue in the format.

“We did some pretty intense investor work at end of last week, and because of that we attracted a very ...

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