◆ CaixaBank goes big with €1.25bn 8NC7 green ◆ Tightest of all deals from La Banque Postale loses most orders but ends with a 1.73 subscription ratio ◆ Alpha Bank crunches price by 37.5bp
Retail distribution is unpopular with FIG and corporate bond issuers, but some SSAs do it. With rates now attractive to investors, the case for it has strengthened
◆ Deal works for all as issuer gains better standing with rating agencies ◆ Stream of FRNs helps with fair value assessment ◆ Green element lowers issuer’s borrowing costs
