SG Aussie AT1 fails to reach heights of rivals

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SG Aussie AT1 fails to reach heights of rivals

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Kangaroo looks, Adelaide, Australia | Lisa Strachan/lisastrachan - stock.adobe.com

FIG bond bankers are worried, as one put it, that “the steam is coming out of the Kangaroo market” after Thursday’s additional tier 1 (AT1) deal from Société Générale failed to reach the heights of deals from UBS and BNP Paribas earlier in the summer.

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