Primary supply, liability management drive hectic market
Five issuers piled into the euro market in one of its busiest ever sessions on Tuesday, with the burst of supply including the first deals longer than 10 years since June. Meanwhile, Barclays Bank made its debut in the 144A dollar market with a $1bn five year issue. Banco Popular Español launched an exchange offer on Monday featuring the first ever swap of senior unsecured debt into covered bonds. It came less than a week after Dexia Municipal Agency launched the covered bond market’s first ever liability management exercise. Read EuroWeek on Friday for more.
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