Bancomer sub trades up after offering tight Basel III premium

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Bancomer sub trades up after offering tight Basel III premium

Oliver West
November 10, 2014 06:15 am
BBVA Bancomer
The Director General of BBVA Bancomer Ignacio Dechamps of Mexico gives a speech during a presentation of the bank's strategic innovation and transformation plan in Madrid, Thursday, May 24, 2007. (AP Photo/Paul White) | PAUL WHITE/AP/Press Association Images

BBVA Bancomer’s subordinated tier two 15 year non-call 10 bond, which was priced on Thursday, provides a tight benchmark for Basel III issues as the market weighs up what should be an appropriate premium for the extra risk taken for purchasing the new securities, said bankers.

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Oliver West
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