Senior bonds in ‘no man’s land’ as banks shun tough markets

By David Freitas
23 Mar 2020

European banks are steering well clear of new issue markets during the coronavirus pandemic, avoiding having to call on investors for funding by taking advantage of attractive central bank funding schemes.

It has been over a month since the last issuers sold unsecured deals in the primary capital markets.

Santander UK was able to sell €750m of five year non-call four senior debt on February 24, before the market shut down at the onset of the coronavirus crisis in ...

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