Rare deals ahoy as FIG investors pack up
The positive market backdrop has driven smaller and less well-known bank issuers to come forward with rare new bond issues. But they are showing up just as investors pack up for the year, meaning they must work hard to lure enough demand, writes David Freitas.
Issuers still looking to raise capital but investors are cutting their buying in primary markets in favour of locking in the hefty returns they have made this year.Issuers of subordinated capital have been able to attract demand because of the high coupons they offer. But in senior ...
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