Reuters: Bankruptcy News: Investors pile in to CaixaBank's new Tier 2

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

50% off Print Subscription of USA Today Get the news delivered to your doorstep. Lock in the savings and receive USA Today for just $0.75 a day. From our sponsors

Investors pile in to CaixaBank's new Tier 2 Oct 29th 2013, 10:57 By Helene Durand Tue Oct 29, 2013 6:57am EDT LONDON, Oct 29 (IFR) - Demand for CaixaBank's new subordinated Tier 2 issue has reached over EUR3bn as investors seek to get exposure to the country's higher yielding debt. Lead managers Bank of America Merrill Lynch, Barclays, BNP Paribas, CaixaBank and Goldman Sachs opened books with initial price thoughts of mid-swaps plus 415bp area on Tuesday, and were able to revise that tighter to 400bp over (+/-5bp) on the back of the strong interest. The 10-year non-call five-year deal size has been set at EUR750m. CaixaBank is rated BBB-/BBB by S&P/Fitch at the senior level, with the new deal expected to be one notch lower at BB+/BBB-. (Reporting by Helene Durand, editing by Julian Baker)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions