Madrid ratchets in spread
Two SSA borrowers hit screens on Wednesday with green euro benchmarks, following a successful outing by Madrid, which saw the bond’s sustainability feature driving the spread to the tightest achieved at reoffer by a Spanish region.
Madrid hit the market with a 10 year sustainable bond on Tuesday, raising €1.25bn at its tightest ever spread to the Spanish sovereign, and selling into its largest ever book.Banco Sabadell, BBVA, Bankia, Deutsche Bank, HSBC and Santander ran the books. The leads offered initial price thoughts of 20bp ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com