Argenta trade a reminder investors ‘selective’ about bank bonds

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By David Freitas
16 Oct 2019

The postponement of Argenta Spaarbank’s non-preferred senior bond on Tuesday was a reminder that investors are not taking a shine to everything sent their way in the market. The large volume of trades this year has prompted investors to become “selective” about what they buy, analysts at Rabobank said.

Market participants were surprised to see Argenta Spaarbank retract its bond trade from the primary market after launching the deal on Tuesday as sales have been generally successful of late in the financial institutions bond market.

For instance, on the same day Sumitomo Mitsui Financial Group (SMFG) was ...

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