FIG bankers take heart from resilient secondaries

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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