La Caixa accelerated, interesting names to follow

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

La Caixa accelerated, interesting names to follow

Taking advantage of demand for high coupon peripheral debt, La Caixa yesterday (Thursday) priced a long awaited Eu2bn five year cédulas hipotecárias. Despite the allure of a 5% coupon and a relatively tight spread to its senior unsecured, the trade was by no means a foregone conclusion in the context of underlying sovereign spread volatility.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article