Amount: €1bn of subordinated capital
Maturity: April 8, 2044
Call option: April 8, 2024
Issue/reoffer price: 99.039
Spread at reoffer: mid-swaps plus 295bp
Launched: Tuesday April 1
Payment date: April 8
Joint books: ING, Deutsche Bank, JP Morgan, Morgan Stanley
Bookrunners’ comment:The deal went exceptionally well, with books above €7bn, which enabled us to ...
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