Europe’s Debt Market Sees First Live Deal Halted This Year
- Bausparkasse Schwaebisch Hall halts €500 million offering
- Pricing on several bonds offered Tuesday fail to tighten
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Europe’s debt market saw its first postponement of a live deal this year as borrowers struggled to tighten pricing in an active session for the market.
German building society Bausparkasse Schwaebisch Hall AG halted a €500 million ($546 million) offering of 10-year covered bonds after setting final terms, according to a person with knowledge of the matter, who asked not to be identified as the information is private.