Books bulge after BoA reopens FIG with big numbers

By David Freitas
26 Mar 2020

Bank of America reopened the market for financial institution bonds in euros this week and was followed by a slew of other deals as investors welcomed wider spreads and new issue concessions.

It had been over a month since a financial institution had sought funding in the euro market before Bank of America emerged on Tuesday. The US lender, acting as sole bookrunners, launched a €1.5bn nine year non-call eight senior bond at a spread of 365bp over mid-swaps, ...

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