Higher yielding product finds favour in busy market for bank deals

Maciej Cielma/maciek905 - stock.adobe.com

A flurry of new deals this week had issuers having to compete for investors’ attention. Bankers said that higher yielding deals were much easier to sell, with non-preferred senior bonds from Bankia and Lloyds Banking Group proving more popular than a tighter print from Belfius.