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Commerzbank issues bond over EUR 1 billion

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LONDON (Dow Jones) – Commerzbank AG is issuing a bond in the amount of 1 billion EUR.

The paper will be equipped with a coupon of 4%, shared the underwriters of the transaction – Commerzbank , BNP Paribas and DZ Bank – on Tuesday. They named the following details of the bond:

Volume: 1 billion EUR
Maturity : 16 September 2020
Coupon: 4%
Reoffer Price: 99.797
Payment date : 16 September 2020
Spread : 177 basis points above government bond ( 2.25% Sept. 2020)
Ratings: A3 (Moody ‘s)
Denomination : 1,000 EUR
Interest: Annual
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