RBI keeps the fires burning in the T2 market

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By David Freitas
09 Jun 2020

Raiffeisen Bank International launched a tier two bond in euros on Tuesday with investors still showing strong appetite for risk. But a smaller order book for the trade suggested that market conditions might be softening compared with recent trading sessions.

Raiffeisen Bank International launched €500m of 12 year non-call seven tier two paper at 315bp over mid-swaps.

Lead managers BNP Paribas, Bank of America, Morgan Stanley, Raiffeisen Bank International and Société Générale were able to drive investors towards this spread on the back ...

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