BPE first Spaniard to take senior bait
FIG bankers have been trying to convince Spanish banks to hit the senior unsecured market for several weeks, and have finally succeeded with Banco Popular Espanol launching a short deal on Wednesday morning.
The Ba3/BB+ rated borrower hired Credit Suisse, Deutsche Bank, JP Morgan and Natixis to join its own investment bank on the syndicate, and put out initial price thoughts in the 235bp-240bp area over mid-swaps for a 2.5 year bond.
Among the five senior unsecured bonds in euros vying
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.