Lively issuers jump through FIG window in short week
The European senior unsecured bank bond market is enjoying some of its best issuance conditions this year, and possibly in the last few years, with spreads grinding tighter again on Wednesday.
Pohjola Bank proved the point on Tuesday by pricing a 500m five year at what some saw as a negative new issue premium, only for the deal tighten by 6bp in secondary.
Banque Fédérative du Crédit Mutuel followed BNP Paribas into the sterling market on Wednesday morning with
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