Caixa and Santander stub up NIP for AT1

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Caixa and Santander stub up NIP for AT1

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Location Spain. Red pin on the map. | Zerophoto/Zerophoto - Fotolia

CaixaBank issued additional tier one (AT1) notes on Tuesday, following on from Santander’s deal the day before. Both banks offered a generous premium as investors push back against historically tight spreads.

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