Commerzbank, the second largest bank in Germany, and HSBC Holdings, Europe’s largest banking and financial services company headquartered in London, have raised €2.1 billion in a sale of bonds, Bloomberg reports. The German lender sold €800 million of two-year senior, unsecured floating-rate notes.
HSBC sold €1.25 billion of senior bonds that carry a coupon rate of 3.875 percent and are due to mature in 2018. The lenders entered bond markets as relative yields on financial firms’ debt declined to the lowest since September 21.
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