Strategic trades in focus as banks rattle through MREL plans
European banks have already made stellar progress in working through their issuance programmes in 2017, shifting emphasis on to those with shortfalls or ‘strategic trades’ left to complete.
“The capital space is going to be very quiet going forwards,” said a FIG syndicator. “A handful of guys still have issuance buckets to fill and they are likely to have great opportunities to get on with those strategic trades later this year.
“But if you look
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