Belfius skirts negative yield with seven year senior
Belfius Bank picked a long enough maturity for its deal on Wednesday to avoid becoming the first European bank to issue senior bond at a negative yield.
Earlier this year banks shifted into longer tenors so that they could carry on producing positive yields on their covered bond issuances.And with benchmark interest rates having sunk further below 0% in recent weeks, bankers now predict that a similar trend could be on the cards in the ...
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