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
€16.06
17:30 15/11/24
0.96%
€0.15
Deutsche Lufthansa AG
€6.42
17:30 15/11/24
2.79%
€0.17
DJ EURO STOXX 50
4,794.85
00:00 16/11/24
-0.80%
-38.68
Xetra DAX
19,210.81
17:00 15/11/24
-0.27%
-52.89
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.