UniCaja lines up T2 as Spanish banks seize on 'positive' conditions

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By David Freitas
31 Oct 2019

Spanish banks are using strong market conditions to their advantage towards the start of November, with Banco de Sabadell completing its annual funding plans this week and UniCaja Banco getting ready to launch its debut tier two transaction.

UniCaja caught the FIG market's attention when it surfaced this week. 

The small Spanish financial institution started investor meetings in Europe on Thursday to assess appetite for a 10 year non-call five tier two, in sub-benchmark size. 

The bank has hired HSBC, Mediobanca, Morgan Stanley and UBS to arrange the trade.

Bank debt ...

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