Bank duo taps into demand for senior as blackouts start to weigh on market

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By David Freitas
15 Jan 2020

Demand for senior trades from Commerzbank and Raiffeisen Bank International this week reflected a softness in secondary performance, as well as a slowdown in the primary market as European banks enter blackout season.

Issuers last week sold €20.8bn across the senior and subordinated asset classes, making use of the favourable conditions under which the market opened this year.

This week supply did not reach the same volumes and those that sought to sell bonds generally did not see the same subscription ...

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