BBVA takes advantage of investors demand for some sort of safe yield, offering a covered bond at...

|By:, SA News Editor
BBVA takes advantage of investors demand for some sort of safe yield, offering a covered bond at more than a full percentage point less than what the Spanish government is paying for a similar maturity. "There is huge appetite from investors at the moment," says one banker. Order books for the issue were said to top €2B by mid-morning.