Deutsche, BPCE go long as spreads crunch
Top rated FIG borrowers took advantage of the best long-end funding rates on offer since the financial crisis this week, to print 10 and 11 year senior unsecured bonds. Deutsche Bank and Metropolitan Life sold 10 year bonds, while BPCE stretched to 11 years, as investors clamoured for the yields on offer with longer dated paper.
Deutsche Bank was first in the market, pre-announcing its deal ahead of the weekend to be first on the screens on Monday January 7.
"This is the most attractive level to issue 10 year debt for a long time, and we thought it made sense to take advantage
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