BNP Paribas shows strength with Eu1.25bn senior
BNP Paribas sold a Eu1.25bn 10 year issue on Thursday, as market confidence grows on the likelihood of an Irish bailout — but not everybody is convinced the deal heralds a return to issuance-friendly markets.
Some bankers said it indicated the market was returning to form after a week of heightened volatility on Irish worries.
The market is doing much better today, said a FIG syndicate banker. It seems to have decided that Irelands going to take the money, whereas at the beginning
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