Banks crunch through cost to raise senior debt at no premium
![Rabobank sign at branch. Rabobank is the second-largest bank in the Netherlands in terms of total assets.](https://assets.euromoneydigital.com/dims4/default/7e4f2a6/2147483647/strip/true/crop/6000x4000+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Ff1%2F49%2F2d951b0c4ee586fdcb1f19b529fa%2Fp878mn.jpg)
◆ Duration and spread demand dictate investor demand even at tighter valuations ◆ Rabo exemplifies this trend into a €1bn 10.5 year SNP that was more than six times subscribed ◆ NBG and CIBC also print with arguably no concessions left
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