ABN reopens non-pref market as bank bonds bounce back

By Tyler Davies
20 May 2020

ABN Amro has ended a three week hiatus in the euro non-preferred senior market, launching a new deal on the back of a strong rally for bank credit spreads.

The Dutch lender opened books on Wednesday for a five year non-preferred senior bond.

ABN Amro, Citi, JP Morgan, NatWest Markets and UBS were the joint bookrunners.

Investors had put in €1.75bn of orders for the deal by 10am, based on initial price thoughts in the ...

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