Corporate hybrid issuance grows in stable ratings environment
norman blue - Fotolia
Hybrid capital issuance by western European investment grade corporate borrowers has grown in the past two years, with volumes so far this year reaching $28.8bn, 29% more than at the same time in 2013. The business has brought banks $199m in revenue, according to Dealogic, making it an ever more important source of income for dealers.
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