All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
FIGSenior Debt

Elections put TLAC-light French banks in catch-22 situation

Marine_Le_Pen_PA_230x150

Fears of a far-right win in the French presidential election have left the country’s banks in a tricky position. They need to raise large amounts of non-preferred senior bonds this year but, with spreads so volatile, any attempt to do so is likely to be fraught with risk and expensive.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree