The American lender issued a dual tranche transaction on Wednesday, its first ever euro-denominated bond. It is the first American regional bank to go to market since May 2017. Meanwhile, Aegon Bank is looking to issue its first senior non-preferred bond in the currency.
Capital One mandated Barclays, Bank of America, Capital One, Credit Suisse and JP Morgan to run the dual-tranche transaction in the five and 10 year tenors. Investor meetings started on May 28.
Guidance was published in the 100bp area over mid swaps and the
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