Bond syndication from home: functional but not ideal
Executing bond syndications from home has proved to be feasible, bankers said in the wake of Royal Bank of Canada’s five year covered bond issued on Tuesday. Even so, the lack of physical back-up from nearby colleagues and the seamless access to certain key functions such as trading means that working from home is very much second best in practice compared with normality.
Several bankers that GlobalCapital spoke to on Tuesday confirmed that they were working from home. However, many did not think this was ideal.“Everything feelsa bit slower than usual,” said one syndicate manager from home. “I have a Bloomberg and all the right set-up but it’s ...
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