Investors tell FIG issuers to face up to new pricing dynamics

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By Tyler Davies
17 May 2018

Fixed income investors say that some banks have unrealistic expectations about where they can price new bonds — an issue that could prevent deals from arriving before the summer.

At the beginning of the week, Erste Group Bank hired its own investment bank, Barclays, Bank of America Merrill Lynch, Goldman Sachs and UBS to arrange the sale of its third additional tier one (AT1) bond.

The issuer is yet to have surfaced in ...

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