Banks still go large in ECP but not all maturities rolling

National champion banks across the eurozone, including Spain, are still able to issue in large volumes, despite market uncertainty causing some investors to hold off from buying paper from second and third tier institutions. BBVA had already sold almost $2bn by Tuesday’s close. But market outstandings continue to drop as maturities are not rolled at 100%. Read EuroWeek to find out how well the European CP market is functioning, and for our report on this week’s Global ABS conference in London.