Capital trades will choke unless they cough up on price

April 24, 2015 3:37 PM

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LONDON, April 24 (IFR) - Pricing will be crucial for a wave of new bank capital deals as investors force issuers to pay up on trickier names, particularly against a choppier market backdrop.

Tier 2 trades from Ibercaja Banco and Banco Popolare Societa Cooperativa were pencilled in for potential execution this week, but neither emerged as broader volatility around Greece kept a lid on higher beta trades. Permanent TSB's Additional Tier 1 bond, also anticipated this week, is now touted fo...

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