HVB Group has launched an exchangeable bond worth up to €265m ($300m) into E.On, the German utility, with an unusually short maturity of less than two years.

The bond will be exchangeable into shares in E.On, in which HVB owns a 0.66% stake, as part of the German banking group's non-core asset disposal programme. The bond will price later on Tuesday.

Caroline Muspratt

Deutsche Bank

Lufthansa

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HVB launches €265m exchangeable bond

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