Virgin Money finally finds a window for euro holdco debut

By Tyler Davies
17 Jun 2020

Virgin Money secured its first foothold in the euro market on Wednesday, selling €500m of senior debt from its holding company as part of a deal that had been initially been postponed because of Covid-19 concerns.

The UK challenger bank had picked Citi, Credit Suisse, Deutsche Bank and NatWest Markets to arrange the sale of a five year non-call four senior bond back in February.

But the transaction was derailed after credit markets suffered an extreme sell-off amid fears about the impact of the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial