MTN desks heartened by public market pick-up

By Mike Turner
03 Jan 2019

A busier public bond market has caught the attention of MTN dealers, particularly as new issue premiums appear to be rising — which might lead to more inquiry for private debt.

Commerzbank opened the EMEA covered bond market on Wednesday, while the finance subsidiaries of car companies Renault and Toyota brought the first corporate deals on the following day.  

A lead manager on Commerzbank’s dual tranche €1.5bn five and 15 year covered bonds put the new issue premium at ...

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