Berlin boosts private deal size as buyers hunt for highly rated paper

By Tessa Wilkie
07 Aug 2014

Investors starved of paper from well-funded borrowers and the summer slowdown allowed the State of Berlin to increase a €100m 10 year print to €250m this week, following a €125m eight year from the sub-sovereign a day before.

Berlin sold a privately placed €100m August 2024 via NordLB on Tuesday that it increased to €250m later in the day after receiving extra demand following the initial print. The note pays a coupon of 1.44% and the issue price was not disclosed.

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