All aboard! Hochbahn debut draws crowd

By Lewis McLellan
18 Feb 2021

Hamburger Hochbahn, the city public transport operator, made its bond market debut on Wednesday, slotting into the market neatly with a €500m 10 year green bond and a €3bn order book.

BNP Paribas, Commerzbank and Crédit Agricole ran the book, announcing the trade and holding a global investor call on Monday, then arranging one-to-one calls with investors on Tuesday.

“It was the issuer’s inaugural deal,” said a banker at one of the leads. “They looked at coming to market late ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial