FIG issuance up year on year despite month-end lull
Banks have raised 20% more senior unsecured debt in euros in the public markets in January than they did in the first month of last year. And despite the pace of issuance slowing this week, EuroWeek Bank Finance data shows that a wider range of banks sold senior unsecured debt this month than in the same period in 2012.
Close to 20 banks all European sold euro denominated benchmarks totalling 24bn in January 2012. In January this year, euro denominated FIG issuance has totalled 29bn. Almost 30 borrowers, from a much wider range of jurisdictions, have accessed the market.
Some bankers suggested that the increased supply
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