FIG pipeline bulges with rare reg cap trades
There is a growing pipeline of subordinated bond issuance in the FIG market this week, as issuers think about their regulatory requirements and find no reason to wait in light of a recently favoruable backdrop.
Market participants may have been expecting FIG issuance to slow down amid European bank earnings season, but there has been a steady flow of issuers returning to the market this week.There has been issuance from Banco de Sabadell, Berlin Hyp, LBBW, Royal Bank of Scotland and SEB across ...
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