BFCM and Lloyds tier twos underline ‘preference for spread’

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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BFCM and Lloyds tier twos underline ‘preference for spread’

LYON, FRANCE - JULY 13, 2019: Credit Mutuel logo in front of their local bank in Lyon. Credit Mutuel is a cooperative bank, one of main french banks and insurance services

◆ Two banks print €2bn on the back of almost €5.5bn combined demand ◆ Investors keen to pick up yield through subordinated debt ◆ All this, despite tier two paper trading tighter than a year ago

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