CS and Barclays reveal short and long demand is there for the taking
Credit Suisse and Barclays Bank tapped existing deals on Wedneday, showing that demands of investors and issuers can be reconciled at both the long and short ends of the curve.
The Swiss bank revived the market for longer dated senior debt with a self-led deal which was sold above par to yield 153bp over mid-swaps. Barclays tapped its January 2013s on the same day for Eu400m.
The taps came after BNP Paribas re-opened its April 2013 bonds for Eu250m
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