BBVA picks Friday window for T2 amid 'massive demand' for capital

By David Freitas
10 Jan 2020

BBVA founds itself alone in the euro FIG market on Friday as it launched a €1bn tier two bond on the back of €4bn of demand. The deal caps off a busy week for supply, in which investors have shown out-sized demand for the highest yielding transactions.

The Spanish lender announced plans to issue a tier two bond on Friday, with a 10 year maturity and a call option after the first five years.

It picked BBVA, Barclays, BNP Paribas, Bank of America, HSBC and ING to lead the ...

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