Euro FIG market health spurs deal activity in senior

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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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