Helaba taps into summer, hits €3.25bn for the year

By Jonathan Algar
21 Aug 2014

Landesbank Hessen-Thüringen (Helaba) tapped the three year leg of its dual tranche issue from May on Thursday morning, mirroring the syndication strategy it used to tap the deal’s seven year leg in July — aggressive pricing and doubling the size of the issue.

Three months after issuing the original €500m deal at 7bp through mid-swaps, BNP Paribas, Citi, Deutsche Bank, HSBC, Société Générale CIB, UBS and UniCredit — the original lead managers — tempted market appetite at guidance of 9bp through mid-swaps, before pricing at 10bp through.

“We set ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial