FIG market shrugs off any softness as sub deals pile up

By Tyler Davies
23 Mar 2017

Investors showed strong appetite for subordinated deals in spite of a softer session in the middle of the week, allowing three financial institutions to use the week’s window to top up their capital.

A weaker session in the US for bank equity prices fed into a weaker tone in credit markets on Wednesday morning, helping to drive significant selling in the European additional tier one (AT1) sector.

But the FIG market shrugged off any softness in the middle of the week, which ...

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