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.

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.