BES exchange take-up disappoints but more may follow
Banco Espírito Santo found little interest for a subordinated-for-senior debt exchange offer last week but is understood to be looking at further liability management exercises following the latest stress test results.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts