'Big initial flow' ends as FIG anticipates TLAC-heavy 2017
The year’s initial rush of FIG issuance subsided this week, but market participants are already positioning themselves for heavy supply of bail-inable senior bonds in later busy issuance windows.
One syndicate banker said he was aware of two potentially imminent covered bond transactions, as well as a possible senior unsecured deal from a peripheral issuer, though he was unsure the latter would surface in the next few sessions.“The big initial flow of 2017 is over,” ...
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