European banks turn to sub debt in Yankee summer spree

Katia Molchenko/sergiymolchenko - stock.adobe.com

Subordinated debt transactions in dollars from a trio of European banks left no doubts about the strength of the Yankee market this week. Bookrunners are encouraging issuers to execute trades in the asset class quickly, as they are unlikely to encounter better conditions before the end of this year, writes David Freitas.