FIG bankers spy golden window for second tier names

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By Tyler Davies
20 Jun 2019

DCM bankers say that market conditions are just right for some of Europe’s smaller and more marginalised financial institutions to bring new bond deals ahead of the summer.

A €400m 10 year non-call five tier two from Piraeus Bank captured the mood of the FIG market this week.

The speculative grade lender sold its deal on Wednesday with a coupon of 9.75% on the back of about €850m orders from investors, marking the first time ...

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