Big premiums up demand for banks’ sub debt
Lower tier two deals from Barclays and Intesa Sanpaolo this week underscored heavy investor demand for bank issuers willing to pay up for subordinated debt — even those from southern Europe. Both banks attracted oversubscription on their bullet 10 year issues.
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