Three banks push out tier twos on super Tuesday

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By Jasper Cox
19 Mar 2019

Danske Bank and Crédit Agricole took a combined €2bn of tier two debt out of the market on Tuesday, while Bawag was also active on a busy day for FIG syndicates.

Danske was offering a June 2029 bond in euros with a June 2024 call date, and bookrunners BNP Paribas, Danske, HSBC, ING and JP Morgan floated initial price thoughts in the 285bp area over mid-swaps.

A banker on the deal said the book was ...

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