Reuters: Bankruptcy News: BPE tightens guidance on Additional Tier 1

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BPE tightens guidance on Additional Tier 1 Oct 3rd 2013, 10:21 By Helene Durand Thu Oct 3, 2013 6:21am EDT LONDON, Oct 3 (IFR) - Order books on Banco Popular Espanol's Additional Tier 1 perpetual non-call five-year issue, the first of its kind in euros, are over EUR1.5bn according to the lead managers. Price guidance has been revised to 11.5% from the initial 11.75% area for the EUR500m deal via Bank of America Merrill Lynch, Barclays, Santander and UBS. Books will close at 11.30 UK time. (Reporting by Helene Durand; editing by Alex Chambers)

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