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FIG

FIG investors fret in face of €45bn AT1 frenzy

Danske 230x150

Leading investors are starting to chafe at the pricing of deeply subordinated bank capital, even as a vast €45bn wave of orders carried this week’s trio of euro and sterling new issues from Banco Santander, Danske Bank and Nationwide Building Society to record low coupons, write Graham Bippart and Tom Porter.

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