CIT Group leads US FIG back into the action
US financial institutions returned to prominence this week as some domestic banks repaid government bail-out funds while others took opportunities presented by positive markets.
CIT Group was among them. It made its return to the bond markets for the first time since emerging from bankruptcy in 2009, and tapped the market for $2bn, increased from $1bn following a reverse enquiry for a seven year deal.
A $1.3bn three year at 5.25% priced
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