No concession for LBBW eight year

By Frank Jackman
29 Apr 2021

LBBW landed its latest senior non-preferred bond, a €500m eight year deal, through its conventional curve on Tuesday, as the borrower enjoyed the spoils of a large and granular order book.

The German lender (A2/—/A-) announced on Monday that it was looking to sell a May 2029 bond in non-preferred format through its own investment bank, DZ Bank, Erste, Santander, Société Générale and UniCredit.

“The tenor allows us to combine the interest from the likes ...

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