AT1 returns to euros as BBVA signals new pricing benchmark

Tyler Davies

April 08, 2016 09:00 am

Bull Toro 230x — A flaming fake bull "Toro de fuego" runs after revelers during the 2014 San Fermin fiestas in Pamplona, Spain, Wednesday, July 9, 2014. Revelers from around the world arrive to Pamplona every year to take part in some of the eight days of the running of the bulls. (AP Photo/Andres Kudacki) | Andres Kudacki/AP/Press Association Images

BBVA launched the first euro denominated AT1 transaction since February’s sell-off this week, pricing the bond through its outstanding notes’ yield to call and fuelling hopes the primary market is fully open once more.

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Topics

BBVA Spain Senior Debt BNP Paribas UBS FIG

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Tyler Davies