BBVA surprises with well priced Eu3bn cédulas

08 Jul 2004

Banco Bilbao Vizcaya Argentaria took the covered bond market by surprise this week ? and won its applause ? by pricing its Eu3bn 10 year cédulas hipotecarias issue at a fair level.

As a cédulas issuer, BBVA has a record of issuing poorly received deals, ...

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