German Landesbank NordLB pulls debt sale
German Landesbank NordLB became the second corporate of that nationality to pull a bond issue due to market conditions in the wake of the previous session's tensions linked to Deutsche Bank.
Deutsche Bank AG
€16.03
17:30 14/05/24
1.44%
€0.23
Deutsche Lufthansa AG
€6.85
17:30 14/05/24
0.56%
€0.04
DJ EURO STOXX 50
5,078.96
23:59 13/05/24
-0.12%
-6.12
Xetra DAX
18,716.42
17:00 14/05/24
-0.14%
-25.80
On 26 September, Lufthansa pulled a €500m debt issue after having reportedly refused to bow to market pressures for greater flexibility on pricing.
Against that backdrop, on Tuesday NordLB decided to for the time being cancel a sale of senior debt maturing in seven years.
As of 1208 BST shares in Deustche Bank were down 2.69% to €10.25 and those in Lufthansa by 3.98% to €9.87.