Mid-week volatility thumps remarkable funding run in FIG
FIG issuers have been accelerating their funding plans to cram new deals into a wide open primary market following the French presidential election. After the rally ran out of steam in the middle of this week, market participants were divided about how soon supply could pick up pace again.
European financial institutions raised about €13bn of new euro and dollar funding across all asset classes this week according to Dealogic, with 16 borrowers pricing new transactions.Many of them were like opportunistic. On Tuesday Swedbank decided it would not wait until later in the year and ...
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