Bankers exalt pricing power in European AT1 market

By Tyler Davies
08 Oct 2020

Crédit Agricole and Nykredit Realkredit were able to push aggressively on pricing in the additional tier one (AT1) market this week, as they took advantage of favourable supply and demand dynamics.

The two banks lit up the euro market with the only subordinated trades of the week. 

Nykredit Realkredit came in first with the sale of a €500m perpetual non-call six year AT1 on Tuesday. 

Bookrunners BNP Paribas, Bank of America, Goldman Sachs, Morgan Stanley and Nykredit ...

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