Euro FIG market health spurs deal activity in senior

By David Freitas
18 Jun 2020

Five banks and insurers from across Europe issued senior debt this week, including two in green bond format, as they tried to find opportunities in a choppy market. Athene Global Funding, Banco de Sabadell, Virgin Money, Santander and Hypo Noe all priced deals.

Issuers stayed away on a difficult Monday. Athene Global Funding was first to find an issuance window on Tuesday when it started marketing a 1.875% €500m June 2023 funding agreement backed-note.

Leads BarclaysCredit Suisse and Deutsche Bank started price thoughts at the 240bp area over mid-swaps and later set guidance at ...

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