NordLB

Landesbank Baden-Württemberg joined Norddeutsche Landesbank in the FIG market on Thursday. LBBW launched a successful floater with a strong domestic bid, reassuring the market after a lacklustre deal from Commerzbank on Monday.

Norddeutsche Landesbank coped well with the new rules around debt seniority for German banks on Wednesday, launching a cautious, but successful senior trade, which attracted a decent order book.

Barclays began marketing a multi-tranche Samurai trade on Monday, as some FIG bankers claimed European banks were still baulking at the new issue premiums being offered by US visitors to the euro market.