Yield hunters lick lips as European sub debt issuance hits post-crisis high

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Yield hunters lick lips as European sub debt issuance hits post-crisis high

ING branch large
CLUJ NAPOCA, ROMANIA - AUGUST 26: ING Bank branch on August 26, 2012 in Cluj-Napoca. ING Group serves customers in 45 countries and had 5.77bn EUR profit in 2011. | Marek SLUSARCZYK

Issuance of European subordinated FIG debt hit its highest year-to-date level since 2007 this week, as tier two debt wrested the limelight back from senior unsecured with a small but solid deal from Swedbank and a €5bn book for ING.

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