NordLB prepares international bond benchmark

NordLB, Germany's tenth largest bank, hopes to capitalise on demand for liquid non-government bonds by issuing a €1bn ($0.9bn) bond issue targeting international investors.

NordLB, or Norddeutsche Landesbank Girozentrale, is rated Aa1 by Moody's Investors Service and AAA by Fitch. It is a regular issuer in the bond markets but has not launched an issue with what it calls &quotbenchmark characteristics&quot for some time, and has never been so explicit about selling debt outside its own market.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump