HCB plots regular senior market presence

HCB 575x375 4Mar21 from HCB
By Frank Jackman
04 Mar 2021

Hamburg Commercial Bank is aiming to establish a regular market presence as part of its post-privatisation transformation plan by following a senior deal on Tuesday with a return to a non-preferred format later this year.

HCB issued a €500m five year preferred senior bond at 73bp over mid-swaps this week.

“We have two transactions planned for this year, including this five-year senior preferred deal,” said Ralf Loewe, head of treasury at the bank. “Conceivable is another benchmark senior non-preferred trade for late this year. ...

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