CaixaBank EUR1bn 0.5% Feb 29 green

By Tyler Davies
04 Feb 2021

Rating: Baa1/BBB+/BBB+

Amount: €1bn

Maturity: 9 February, 2029

Call date: 9 February, 2028

Issue/reoffer price: 99.514

Coupon: 0.5%

Spread at reoffer: mid-swaps plus 90bp

Launched: Tuesday, February 2

Payment date: February 9

Joint books: ABN Amro, CaixaBank, Goldman Sachs, Natixis, UBS

Market appraisal:

“…if you had asked me yesterday, I would have said an eight-year non-call seven from CaixaBank should ...

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