Nav Gupta from Deutsche Bank AG suggests scaling into Nationwide (UK Building Society) 6.875% perpetual bonds, which yield 6.4% in GBP and are likely to be called in 5 years. The memo compares these bonds to BBVA bonds and provides ratings and transaction cost details.
doj/DataSet10/EFTA01453876.pdf
{"key_people":["Nav Gupta"],"document_type":"correspondence","key_locations":["London","United Kingdom"],"document_subtype":"memo","key_organizations":["Deutsche Bank AG","Nationwide (UK Building Society)","BBVA"],"reference_numbers":["ISIN XS1043181269"]}