Bumper TLTRO round for eurozone banks

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Senior Debt

Bumper TLTRO round for eurozone banks

Frank Jackman
March 19, 2021 01:00 pm
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Closeup on bank notes. Shallow depth of field with focus in the center of the ECB characters. | Michael Zwahlen/MichaelJBerlin - stock.adobe.com

Eurozone banks recorded their second highest take up in the latest offering of targeted longer-term refinancing operations (TLTROs) this week. The region's lenders do not appear to be in a hurry to replace ECB financing with capital market issuance.

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