Amount: €1.5bn of tier two capital
Maturity: April 11, 2024
Call option: April 11, 2019
Issue/reoffer price: 99.694
Spread at reoffer: mid-swaps plus 255bp
Launched: Wednesday April 2
Payment date: April 11
Joint books: BBVA, Goldman Sachs, HSBC, ING, Société Générale, UBS
Bookrunners’ comment:We wanted to avoid potential volatility from the ECB meeting later ...
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