Wells Fargo, SBAB hit sevens as Syria slows senior surge
Uncertainty over potential Western military intervention in Syria put the brakes on euro senior unsecured issuance earlier this week, but two of the market’s stronger credits were able to navigate the nervous market to print well received seven years.
Senior supply staged a post-summer comeback last week with seven banks placing over €6.5bn with investors, and the market looked to be picking up where they left off when Wells Fargo emerged with a seven year trade on Tuesday morning.
But as markets digested news of a US
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