BBVA opens euro market for coronavirus response senior bonds

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By David Freitas
27 May 2020

BBVA on Wednesday became the first European financial institution to launch a bond in the euro market to tackle Covid-19, unravelling the appetite for these type of bonds while undergoing a refinancing exercise.

BBVA was marketing a Covid-19 response bond in preferred senior format, based on its existing green, social and sustainable bond issuance framework.

The Spanish bank launched €1bn of the five year securities at a spread of 112bp over mid-swaps, supported by over €4.8bn of demand at this ...

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