Banks stuff investors with bonds to beat ECB
The financial institutions bond market reopened following the summer break this week, with many issuers rushing to frontload supply before the European Central Bank’s meeting in September. But the market quickly ran into resistance from investors, as they pushed back against the glut of deals.
“There has been an avalanche of deals,” said a FIG syndicate banker. "It’s been pretty nuts in the last few days. It was very hard to keep track of everything."Issuers still looking to complete their funding plans for 2019 are assessing the best time to access the ...
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