3CIF pummelled in senior as market awaits announcement
Investors in French mortgage lender 3CIF were in limbo on Thursday as bankers and investors awaited clarification on why the country’s regulator suspended the bank’s covered and senior bonds from trading on Euronext on Tuesday. Meanwhile, bankers suggested that the bank was under pressure from the “uneconomic” cost of senior unsecured funding.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts