Coventry shoots for senior sevens
Coventry Building Society was set to price its first euro senior unsecured benchmark of the year on Thursday, opting for a maturity in which National Australia Bank printed the tightest deal since the crisis a day earlier.
The UK building society hired BNP Paribas, Commerzbank, Credit Suisse, Danske Bank and HSBC to sell the deal, and the syndicate went out with initial price thoughts of mid-swaps plus 115bp area for the seven year transaction.
Demand swelled to over €1.3bn, prompting the leads to tighten the
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