'Amazing' demand buoys Caixa Geral's non-pref debut

David Freitas

November 18, 2019 01:30 pm

CGD_Alamy_230x150 — D64TK9 Portugal and EU flags fly outside a branch of Portuguese bank Caixa Geral de Depositos in Berlin, Germany, 04 June 2012. Like Spain before it, Portugal is now forced to prop up its banks with federal financial aid as well. Photo: CLAUDIA LEVETZOW | Alamy Stock Photo

Caixa Geral de Depósitos was seven times subscribed for its debut non-preferred senior bond this week, when it become the first Portuguese bank to launch a deal in the format.

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Topics

Senior Debt Morgan Stanley Portugal Europe EMEA HSBC FIG Société Générale NatWest Markets

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David Freitas