Deutsche Bank Contagion: Nord LB, Lufthansa, Korean Air Pull Bond Deals
by Tyler Durden
ZeroHedge.com
Sep 27, 2016
As noted earlier, the post-debate market relief rally has given way to concerns over banking woes, with stocks turning lower in Europe as focus returns to Deutsche Bank. More troubling is the overnight news that two German issuers – Nord LB and Lufthansa – followed quickly by Korean Air Lines, have pulled their bond deal as “uncertainty on the credit front appears to be weighing” on the broader market.
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