NordLB waits with hybrid as markets wobble
The strong market conditions that have underpinned financial institution issuance over recent weeks are showing signs of weakening, led by a selloff in the equity market on Friday (October 2).
The selloff, triggered by worse than expected non-farm payrolls in the US, could mean that issuers and their advisers have to adopt a more cautious approach when it comes to tapping the market.
The market was softer at the back end of last week following the poor payroll data
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