NordLB, Germany's tenth largest bank, hopes to capitalise on demand for liquid non-government bonds by issuing a €1bn ($0.9bn) bond issue targeting international investors.
NordLB, or Norddeutsche Landesbank Girozentrale, is rated Aa1 by Moody's Investors Service and AAA by Fitch. It is a regular issuer in the bond markets but has not launched an issue with what it calls "benchmark characteristics" for some time, and has never been so explicit about selling debt outside its own market.
