BBVA
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Issuer tightens 35bp despite being a more esoteric credit than other successful trades this week -
Nine and 10 year maturities come after BT faced tough time with its own 10 year trade
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Construction materials firm gathers demand of more than six times deal size at launch for summer triple trancher
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Issuer is latest eurozone sovereign to garner less investor interest than for its recent deals
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Investors still favouring liquidity, but smaller issuers can get deals done
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Issuance heats up life as European banks scoop over €5bn from market
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New issue concession diminished throughout the day amid sharp rates volatility
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Policy to apply initially in Spain and gradually to other countries
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Sovereign plans deal as eurozone periphery spreads widen on ECB comments
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Investors are charging higher premiums on longer dated deals
