BoI back in senior as choppy market drives widening
Bank of Ireland this week brought the first senior unsecured bond from an Irish bank since before the financial crisis, underlining the country’s success in remarketing itself to investors after the EU and IMF bailout in 2010.
But while the deal was undeniably a success for the issuer, its poor performance in secondary and the torrid experience of other trades this week served as a reminder that market participants ought not to be complacent about the direction of yields.
This week saw three FIG
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