Market blockage eases, but free flow it ain’t
UBS and Toronto Dominion Bank brought some encouragement to financial institutions this week by successfully issuing five year bonds. The premiums are chunky — although both are rated Aaa by Moody’s, UBS paid 68bp over mid-swaps for its Eu2.5bn and TD 70bp over for its Eu1bn. But at least, investors are prepared to play. Read EuroWeek on Friday for the full story.
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