Virus vol keeps bank bond market on lockdown

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By Tyler Davies
26 Feb 2020

Banks are delaying their plans to raise funding in the euro market, as credit spreads drifted wider on news about the spread of the Covid-19 coronavirus.

No financial institution has sold a benchmark-sized transaction in the euro market so far this week.

One FIG syndicate manager said that there was still a growing number of projects in the pipeline. Hamburg Commercial Bank has publicly signalled its intention to raise tier two capital, for example, ...

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