Mixed fortunes in euro tier two market as caution builds

By Tyler Davies
02 Feb 2017

BBVA and Crédit Mutuel Arkéa had varied results in the euro tier two market this week as bankers pointed towards growing caution among investors.

When Crédit Mutuel Arkéa was looking to launch a bullet 12 year tier two on Wednesday, market participants had been interested to see whether a longer dated subordinated product would be welcomed by investors, given that much of the focus in the senior and covered bond market has ...

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