Banks pounce on calmer conditions for non-preferred funding

By Tyler Davies
18 Oct 2018

CaixaBank and Commerzbank proved popular in the euro market this week, after timing their latest non-preferred senior debt sales to perfection.

The deals arrived against a difficult backdrop for credit markets in October, with DCM bankers having trouble predicting the direction of travel in bond spreads from one day to the next.

This turbulence has already led to a number of financial institutions having to pull or postpone their ...

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