Banks resurface as FIG market glows red hot

By Tyler Davies
21 Feb 2019

FIG bond market participants were speaking in superlatives as new bonds flew off the shelves this week. But some DCM officials are advising their clients not to count on conditions remaining evergreen through the rest of 2019, encouraging them to put long-held deal plans into action.

Non-preferred senior debt was the asset class of choice for issuers in the euro market. This format has seen little supply in recent weeks, with the volume of sales having fallen year on year by about 53% in January.

Investors have been left hungry for new issuance, ...

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