LBP adds to flexible call date trend with debut AT1

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By David Freitas
07 Nov 2019

La Banque Postale is looking to strengthen its capital position with a new additional tier one bond, beginning investor meetings on Friday. The issuer joins a growing trend towards issuers employing six month par call options in their perpetual securities.

LBP on Thursday said it was looking to sell an additional tier one (AT1) bond in benchmark size with a perpetual maturity in the euro market.

Crédit Agricole, Credit Suisse, HSBC, JP Morgan, Natixis, Société Générale will run investor meetings until Tuesday.

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