RBC proves that pragmatism pays
Has it been a dire few weeks for financial institutions in the European bond market? Not for Royal Bank of Canada, it hasn’t. Pragmatic, and with a flawless sense of timing, it garnered a stunning Eu4.2bn of orders for its Eu3bn three year fixed rate issue on Thursday. The real lesson, though, is that other issuers will be hard pressed to match it.
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