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Erste Abwicklungsanstalt issues $1.25B bonds

German asset manager Erste Abwicklungsanstalt issued $1.25 billion in international bonds, Cbonds reported March 9.

The notes carry a coupon of 2.5% and mature March 13, 2020.

Bank of America Merrill Lynch, Barclays, Citigroup, Deutsche Bank and TD Securities acted as book runners for the issuance.

Erste Abwicklungsanstalt is an entity created to wind down the assets of the former WestLB.