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
€17.04
10:15 10/01/25
-0.56%
-€0.10
Deutsche Lufthansa AG
€5.57
10:15 10/01/25
-0.32%
-€0.02
DJ EURO STOXX 50
5,017.91
23:58 09/01/25
0.43%
21.52
Xetra DAX
20,345.44
10:15 10/01/25
0.14%
28.34
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.