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Grenke plans to euro-denominated offering of five-year notes
By Rebecca Melvin
New York, April 3 – Grenke AG is planning a euro-denominated sub-benchmark offering of five-year notes, according to a pre-stabilization notice on Friday.
The fixed-rate notes have an over-allotment facility for 5% of the aggregate nominal amount.
Deutsche Bank, DZ Bank, HSBC and SEB are its managers.
Grenke is a business bank based in Baden-Baden, Germany.
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