La Caixa on hold

January 27, 2010 12:00 am

The bond market will have to wait another week before the first capital trade of the year gets done in the euro market. La Caixa has pulled its lower tier two 10 year bullet transaction having run out of time before going into earnings black-out. However, market participants said the deal was always going to struggle as the issuer’s pricing ambitions were too aggressive. For the full story on the deal, read EuroWeek on Friday.

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