Asian bid supports limping European FIG market
FIG activity is focused on Asia this week, with precious little activity in Europe, where spreads are continue to yo-yo. CNP Assurances is providing the only immediate hope of supply in capital — it is meeting investors in Hong Kong and Singapore on Thursday and Friday for a potential Reg S perpetual trade.
Banco Popular Espanol, which recently conducted a roadshow, is rumoured to be considering a capital trade, but bankers said it was unlikely that deal would get off the ground due to the poor market backdrop.
With Europe shut, Svenska
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