bosmeld
Forumer storico
LONDON, April 30 (IFR) - BBVA's inaugural Additional Tier 1 bond got off to a strong start on Tuesday as investors piled into the new deal despite a complicated structure that has drawn criticism from market observers.
Spain's second largest bank attracted orders in excess of USD9.25bn for its perpetual non-call five-year bond and the coupon has been fixed at 9%. The bond will be sized in the USD1.25bn-USD1.5bn range.
Spain's second largest bank attracted orders in excess of USD9.25bn for its perpetual non-call five-year bond and the coupon has been fixed at 9%. The bond will be sized in the USD1.25bn-USD1.5bn range.