CaixaBank finds room to tighten 20bp for MREL senior

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By Tyler Davies
10 Jan 2019

CaixaBank was testing the strength of appetite for riskier debt instruments in the euro market on Thursday, bringing the lowest rated deal from bank so far this year.

The Spanish financial institution was set to sell a new five year non-preferred senior bond through CaixaBank, Citi, Société Générale, HSBC and UBS.

The lead managers had opened the pricing for the deal in the 245bp area on Thursday morning, before guiding investors towards ...

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