Top European banks favoured by investors
FIG issuance in the MTN market was dominated by quality European banks this week, as investors turned away from peripheral credits and looked for safe havens and dependable names. The market has begun to slow, however, as the end of the year approaches.
There was a glut of large vanilla deals from established financial names, with northern European credits featuring heavily. One of the largest was a $200m two year floating rate note from Rabobank, sold via Daiwa on Wednesday.
"This flight to quality has been going on for months now,
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