FIG bankers take heart from resilient secondaries

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By Tyler Davies
09 Jan 2020

DCM officials were encouraged by the sight of new bank bonds performing well in the secondary market this week amid a deluge of new issuance from the sector.

Borrowers took nearly €20bn of funding and capital out of the market in euros alone, across three very busy days at the start of the year.

Though spreads have been affected a little by the mass of new issuance — particularly in the popular non-preferred senior format ...

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