Hybrid supply threatens performance
The retail dollar hybrid tier one market is starting to show the first signs that supply is taking its toll as the $1bn perpetual non call five year from Société Générale has failed to perform in the secondary market. Despite this, Norddeutsche Landesbank has already announced the next mandate and is planning to do a deal next week. To find out whether the cracks are to become crevasses, read EuroWeek on Friday.
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