Créd Ag and ING find senior’s other sweet spot
While a succession of European banks plundered the five to seven year maturity bracket of the senior unsecured market this week, two banks were chasing another deep pocket of demand for short dated floating rate notes.
Crédit Agricole printed a €1.75bn two year FRN through its own investment bank on Wednesday, while on the same day ING Groep sold a €1bn 18 month deal through Deutsche Bank and ING.
The two banks took a different approach to most senior deals in Europe this week,
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.