Commerzbank: gets investor interest with first AT1 bond
(CercleFinance.com) - Commerzbank said that it has successfully issued its inaugural additional tier 1 bond, an unsecured and subordinated debt that may lead investors to incur losses if the bank's capital ratio falls below 5.
125%.
The German lender said that the order book was several times oversubscribed to, reflecting an "extensive" interest from investors.
The bond has a volume of 1 billion dollars and a fixed coupon of 7% per year.
Last week Commerzbank said that that the additional tier 1 ("AT 1") bond issue would reach at least at 500 million dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
125%.
The German lender said that the order book was several times oversubscribed to, reflecting an "extensive" interest from investors.
The bond has a volume of 1 billion dollars and a fixed coupon of 7% per year.
Last week Commerzbank said that that the additional tier 1 ("AT 1") bond issue would reach at least at 500 million dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.