BPCE follows Rabo with Samurai sub deal
France’s BPCE opened order books on Monday for the second ever Basel III compliant Samurai deal, opting for a triple tranche structure. Only Rabobank has previously sold a similar trade, enjoying healthy arbitrage versus its cost of selling tier two paper in both dollars and euros.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: