UBI trade illustrates issuer dilemma as market see-saws

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UBI trade illustrates issuer dilemma as market see-saws

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Businessman trying to balance on ball and seesaw | Elnur Amikishiyev/Elnur - stock.adobe.com

A break in the mood of negativity in the credit markets on Thursday brought out UBI Banca to issue its first senior non-preferred bond, in a deal sensitively managed to try to ensure secondary market performance. Other issuers are being urged to strike when they can rather than sit back.

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