A memo from Nay Gupta, Managing Director at Deutsche Bank AG, discussing investment opportunities in European Bank ATI Hybrid Bonds, specifically focusing on the Nationwide (UK Building Society) 6.875% perpetual bond. The memo suggests scaling into £4mm of this bond, which yields 6.4% in GBP and is likely to be called in 5 years. It compares the Nationwide bond to a BBVA bond and provides transaction details.
doj/DataSet10/EFTA01453872.pdf
{"key_people":["Nay Gupta"],"document_type":"correspondence","key_locations":["London, United Kingdom"],"document_subtype":"memo","key_organizations":["Deutsche Bank AG","Nationwide (UK Building Society)","BBVA"],"reference_numbers":["XS1043181269"]}