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

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.