Virus vol keeps bank bond market on lockdown
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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