RBS follows Aussie dollar trend
Royal Bank of Scotland took A$1.5bn out of the Australian market on Tuesday, following a string of large FIG deals in August. BNP Paribas started the trend with A$1bn at the beginning of the month, and Barclays, HSBC and UBS followed. But RBS’s deal came almost 100bp wider than any of the others. Can the market carry on down the credit curve? Read EuroWeek on Friday to find out.
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