Senior FIG market finds new footing to absorb €6bn of supply

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Senior FIG market finds new footing to absorb €6bn of supply

Illustrations of French banks Credit Mutuel and CIC in Paris, France on October 8, 2015. Photo by Alain Apaydin/ABACAPRESS.COM

◆ Market reaches new equilibrium after swift spread widening last week ◆ Issuers pay 5bp-15bp of NIP on the day ◆ Long end especially popular as 10 year deals account for half of senior volume

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