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Banco Popular taps into rich vein of demand for 10 yr paper, bags best price since 2005.

Source :
Euroweek; 4/20/2007, Issue 1000, p30-30, 1p
Publication Year :
2007

Abstract

The article presents an update on the cédulas market in Europe as of April 2007. Grupo Banco Popular priced a €2 billion 10 year issue at 6 basis points (bp) over mid-swaps. Caja Madrid offers a €1.5 billion 15 year cédulas hipotecarias at 8bp over mid-swaps while adding €500 million to its €1.5 billion March 2036 deal at 10bp over mid-swaps. A 10 year paper from Banco Bilbao Vizcaya Argentaria issued in January is trading at 4bp/3bp over.

Subjects

Subjects :
BOND market
BONDS (Finance)

Details

Language :
English
ISSN :
09527036
Issue :
1000
Database :
Complementary Index
Journal :
Euroweek
Publication Type :
Periodical
Accession number :
25262040