Rare names get top billing in strong start
A combination of a slowdown in primary issuance and a tightening trend in secondary markets is expected to open the door to more deals from lower beta FIG issuers, after NIBC Bank and Deutsche Pfandbriefbank proved investors were keen to buy riskier credits this week.
“For second tier names, with sporadic access to the market, this is a great time to be looking to issue,” said one syndicate banker on Thursday.Nothing has shaken the tightening bias across all asset class in secondary markets this month, despite Donald Trump’s contentious start as ...
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