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

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

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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.

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