RLB twice oversubscribed as sub debt maintains momentum
Investors continued to mine a rich seam of European tier two debt on Tuesday, as Austrian lender Raiffeisenlandesbank Niederoesterreich-Wien looked to price a €300m 10 year bullet subordinated bond. Meanwhile, the pipeline for subordinated deals is building, with Banco Espírito Santo, Danske Bank and Royal London Mutual all conducting roadshows.
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