LBP prints second tier two in three months

By Frank Jackman
26 Jan 2021

La Banque Postale (LBP) sold €500m of tier two paper this week, marking the normally rare issuer’s second sale in the format in just over three months.

The French firm had last issued tier two debt in the middle of October 2020, when it returned to the asset class after a three year absence to raise €500m of January 2031 non-call January 2026 paper.

LBP (—/BBB-/BBB) returned to the format again on Tuesday morning, opening books ...

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