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German convertible bond mandate up for grabs

The mandate to lead a €500m ($449.4m) convertible bond offer for WCM Beteiligungs-und Grundbesitz, a German investment company, is up for grabs.

A WCM spokesman confirmed that Deutsche Bank was the firm's house bank but that it was not an automatic choice to lead the convertible offer. He said: &quotThe choice of bank is not fixed. We will look at a number of banks and Deutsche may be selected.&quot

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