BBVA leads Spanish banks back into senior market after three month supension
Spain’s BBVA has leapt straight into the bond market after releasing its second quarter results, taking advantage of strong market conditions following positive news on Basel III regulations and stress tests.
It is the first time a Spanish bank has tapped the senior market since the onset of the peripheral sovereign debt crisis in mid-April.
Leads BBVA and Goldman Sachs are marketing the five year euro denominated deal at around 175bp over mid-swaps. Bankers away from the deal described the
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