CaixaBank brings debut AT1 through Popular volatility

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By Tyler Davies
01 Jun 2017

Spain’s CaixaBank attracted more than €3.5bn of orders on its first entry into the additional tier one (AT1) market on Thursday, despite growing caution around the precarious financial situation of its compatriot Banco Popular Español.

CaixaBank decided to open books on a perpetual non-call seven year AT1, having also discussed selling a perpetual non-call five year on a roadshow with investors this week.

Joint lead managers Barclays, Société Générale, CaixaBank, JP Morgan and Morgan Stanley decided to start ...

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