Bankia proves popular after return to pref senior
Bankia returned to the primary market for a senior preferred bond on Tuesday, after launching a senior non-preferred bond just two weeks ago. The deal proved popular among investors, who placed orders of almost three times as much as the final deal size of €750m.
They drove the transaction to a final spread of 88bp over mid-swaps, from initial price thoughts of 110bp area.Bankia set a deal ...
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