BBVA and Banesto rack up big European CP tickets

04 Jun 2010

BBVA and Banesto sold some large tickets in the European commercial paper market this week, as the bank sector increased its presence.

By Thursday’s close, bank paper made up 51.9% of ECP issuance, up from 44.45% over last week.

Banesto sold $959.3m equivalent, including a Eu652m one month note. BBVA issued $927.6m in euros and sterling, with maturities up to six months.

"Banesto and BBVA are trading in really good sizes," said ...

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