Investors hand CaixaBank a discount for Covid bond debut

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Senior Debt

Investors hand CaixaBank a discount for Covid bond debut

Tyler Davies
July 01, 2020 12:00 PM
CaixaBank_PA_575x375_010720
April 19, 2018 - Madrid, Madrid, Spain - People walk past in front of Caixabank branch in Madrid. (Credit Image: © Jorge Sanz/Pacific Press via ZUMA Wire) | Jorge Sanz/Zuma Press/PA Images

CaixaBank attracted plenty of demand for its first Covid-19 bond on Wednesday, printing a €1bn deal at a spread that was through the fair value implied by its outstanding securities.

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Tyler Davies
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