Monday, October 28, 2013

Reuters: Bankruptcy News: CaixaBank eyes Tier 2 market

Reuters: Bankruptcy News
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CaixaBank eyes Tier 2 market
Oct 28th 2013, 09:57

By Helene Durand

Mon Oct 28, 2013 5:57am EDT

LONDON, Oct 28 (IFR) - CaixaBank has mandated Bank of America Merrill Lynch, Barclays, BNP Paribas, CaixaBank, and Goldman Sachs to lead manage a euro-denominated 10-year non-call five-year Tier 2 issue.

The lead managers will hold an investor call at 11am London time and the transaction is expected to be priced tomorrow.

CaixaBank is rated BBB-/BBB by S&P/Fitch at the senior level, with the new deal expected to be BB+/BBB-. (Reporting by Helene Durand, editing by Julian Baker)

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