FIG issuers enjoy strong pricing leverage in T2 frenzy

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By Tyler Davies
30 Mar 2017

Rabobank, Bankinter, Jyske Bank and Helvetia all tightened pricing by at least 20bp for new tier two bonds, having decided Thursday offered the best window to market deals to investors.

Rabobank kicked off proceedings with a 12 year non-call seven tier two bond, which it was looking to sell in the Reg S dollar market.

Accounts put $3bn of orders behind the new $500m deal, as the issuer accessed the dollar tier two market for the first ...

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