BBVA runs into caution with slow building T2

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BBVA runs into caution with slow building T2

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A man walks past the entrance of Spain's BBVA bank headquarters in Madrid, Monday, Dec. 15, 2008. BBVA, Spain's second-largest bank, reported its own exposure amounted to up to euro 300 million ( dlrs 405 million U.S.) through indirect investments linked to Madoff, while BBVA clients stand to lose another euro 30 million (dlrs 40.5 million U.S.) the bank said in a statement Monday.(AP Photo/Daniel Ochoa de Olza) | DANIEL OCHOA DE OLZA/ASSOCIATED PRESS

Interest built slowly for a tightly priced €1bn tier two from BBVA on Thursday, as bankers pointed towards growing caution among investors.

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