Commerzbank SGD Bond IPO
Today there is a SGD bond IPO.
Issuer: Commerzbank
Ccy: SGD
Tenor: 10 years non call 5
Maturity date: Mar 2027
Coupon reset: 5 years SOR + spread
Indicative coupon: 5%
Advance margin: 75%
Expected rating:
S&P: BBB-
Fitch: BBB
Commerzbank AG is the second largest bank in Germany by market capitalisation. German government owns 15% of the bank.
Issuer: Commerzbank
Ccy: SGD
Tenor: 10 years non call 5
Maturity date: Mar 2027
Coupon reset: 5 years SOR + spread
Indicative coupon: 5%
Advance margin: 75%
Expected rating:
S&P: BBB-
Fitch: BBB
Commerzbank AG is the second largest bank in Germany by market capitalisation. German government owns 15% of the bank.
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