Balmy mood attracts lower tier FIG issuers to capital raising
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Balmy mood attracts lower tier FIG issuers to capital raising

Coface building at the La Defense business center outside Paris France Dec 2003

◆ French insurer Coface prepares 10 year tier two bullet after Banco BPM restarts AT1s in euros ◆ Strong uptake for lower tier issuers' credits as they offer higher yield ◆ More investors now looking at subordinated debt

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