BB&T and SunTrust team up as FIG flies in dollars
Financial institutions, ranging from Wall Street heavyweights to regional lenders, dominated the dollar bond market this week, offering supply across the size and credit rating spectra.
“With the recent tightening, investors are looking for yield,” said one syndicate source, who added that this “was a good week to issue”.Bank of America plundered the dollar market on Tuesday with a $5bn offer. It printed $2.25bn of 3.458% six-year non-call five senior bonds at 105bp over ...
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