La Banque Postale prints first T2 in three years

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By Frank Jackman
19 Oct 2020

La Banque Postale (LBP) printed €500m of January 2031 non-call January 2026 tier two paper this week, its first in the format in over three years.

“It doesn't have a large need for tier two paper,” said one banker away from the deal. “LBP has some tier two outstanding, so this deal is a nice top up to what they already have.”

The French borrower has four tier two deals outstanding, including a €750m ...

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