Senior steady despite volatility as DVB Bank mandates

08 May 2012

German transport lender DVB Bank on Tuesday mandated DZ Bank, LBBW and UniCredit for a €500m no-grow senior unsecured bond, having hit the road for a series of meetings with domestic investors two weeks ago.

The bank has indicated it is looking to build up a benchmark curve, hence the €500m target size. A banker involved in the deal said the bookrunners started taking indications of interest at 1pm London time and would price the deal on Wednesday.

Secondary trading volumes in the senior ...

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