Wells Fargo and Kutxabank tap into demand for senior in euros
Wells Fargo hasn't wasted time in the bond market this week. It launched a euro senior bond on Wednesday, a day after raising sterling debt. Concurrently, Spanish lender Kutxabank was marketing a senior non-preferred bond in euros, its debut in the format.
The US lender is making use of the favourable funding conditions in Europe, sourcing funding in euros one day after it raised capital in the sterling market.Wells Fargo follows in the footsteps of Banco Sabadell, ASB Finance, CaixaBank, Raiffeisen Bank International, Banca Monte dei Paschi ...
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