Bank capital deals fly as issuance volumes begin to fall

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Bank capital deals fly as issuance volumes begin to fall

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A view of the Societe Generale bank sign. Impacted by the Covid-19 pandemic, the Societe Generale announces the net elimination of 640 jobs in France. (Photo by Gerard Bottino / SOPA images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Erste Group Bank and Société Générale both capitalised on the euro market’s extremely favourable conditions this week, pricing new subordinated deals in line with fair value or even through it.

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