Bankinter praised for pricing on AT1

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By David Freitas
09 Jul 2020

Bankinter continued the additional tier one (AT1) supply spree on Thursday, becoming the third issuer to launch this type of bond this week and receiving praise for the 6.25% coupon it achieved.

Lead managers Bankinter, Barclays, BBVA, Crédit Agricole and Natixis opened books on Wednesday for an AT1 transaction on behalf of the Spanish lender.

Bankinter capped the size at €350m from the outset and targeted a perpetual non-call six year deal.

Bookrunners kicked off with ...

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