Caixa cashes MREL in amid stronger market tone

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By Tyler Davies
17 Oct 2018

CaixaBank proved popular this week on its return to the non-preferred senior bond market, raising €1bn and welcoming more than two times as many orders.

DCM bankers have described making regular “no-go” calls in recent days, with higher levels of volatility threatening the success of new bond sales in euros.

But a brighter backdrop in the market on Wednesday gave CaixaBank to open order books on its second series of non-preferred senior bonds.

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