FIG issuers look to break new ground in quieter week for primary

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By Bill Thornhill, David Bell, Tyler Davies
18 Jan 2017

FIG primary market activity slowed ahead of reporting season this week, though Phoenix Group Holdings printed the first ever tier three bond in sterling and BPCE was preparing to open the Samurai market for senior non-preferred.

A pair of German issuers tested the euro market for the first senior trades out of the country since its banking law was updated at the beginning of 2017 to subordinated the asset class within the insolvency hierarchy.

Deutsche Bankgrabbed a healthy €1.5bn of ...

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