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

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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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