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
€14.95
16:45 19/04/24
1.04%
€0.15
Deutsche Lufthansa AG
€6.72
16:45 19/04/24
0.87%
€0.06
DJ EURO STOXX 50
4,936.57
23:58 18/04/24
0.46%
22.44
Xetra DAX
17,737.36
17:00 19/04/24
-0.56%
-100.04
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.