Caixa and BayernLB go green as euro market turns a corner

By Tyler Davies
04 Feb 2021

CaixaBank and BayernLB were able to sail through fair value with green non-preferred senior deals this week, bucking a trend for rising new issue premiums in 2021. Bankers say a lack of supply is finally helping borrowers to exert more power over their pricing.

Conditions have improved dramatically in recent days, following a rocky period through to the end of January.

FIG spreads were under pressure last week in particular, as investors expressed concerns over tight credit valuations during a very uncertain period for the economy.

But there seems to ...

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