BBVA, Rabobank hit non-preferred as investors put cash to work

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By Tyler Davies
20 Feb 2019

BBVA and Rabobank were both selling non-preferred senior bonds in euros on Wednesday, with investors showing a real thirst for new supply after a quiet start to the year.

Banks raised just €6bn of non-preferred senior debt across six deals in euros this January, versus €13bn through 13 deals in the same month in 2018.

The slower start has left investors with plenty of plenty of cash to invest in the primary market, making them thirsty for ...

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