Jyske tests call option as trio hunts for non-pref in euros
Commerzbank, Jyske Bank and UBI Banca all issued €500m senior non-preferred bonds with five year maturities on Thursday. But Jyske opted for a more flexible and efficient note, callable four years after its issuance date.
These banks put out initial price thoughts of 110bp over mid swaps, setting guidance at 95bp-100bp over mid swaps when demand had reached above €1bn.A ...
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