French investors fuel 10 year senior flurry

French insurance companies have helped to drive a stronger bid for longer dated paper in the financial institutions bond market, allowing a rare spate of 10 year trades to surface in euros this week.

  • By Tyler Davies
  • 12 Jul 2018

Banque Fédérative du Crédit Mutuel and Westpac were marketing very similar preferred senior deals on Monday, with sales of tranches in the five and 10 year parts of maturity curve.

Market participants said that issuers were responding to reverse enquiries from French insurers and asset managers, which have ...

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