CaixaBank leads trio of Spanish banks into euros
A trio of Spanish banks hit the euro market this week, led by a popular offering of non-preferred senior bonds from CaixaBank.
Barclays, BNP Paribas, CaixaBank, Credit Suisse and Morgan Stanley opened books on Tuesday for Caixabank’s seven year non-preferred senior deal, with initial price thoughts in the 175bp area over mid swaps.
The banks set the final spread at 145bp on a €1.25bn transaction with €3.85bn of orders."This was ...
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