Banco Popular sale postponed as AT1 market tanks
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Banco Popular sale postponed as AT1 market tanks

BPE

Banco Popular Español postponed the sale of its second additional tier one (AT1) deal after launching the deal into a sell-off in the AT1 market that became progressively worse over the course of the morning. The Spanish bank was looking to sell the transaction at a level market participants said was surprisingly aggressive.

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