Banks re-open euros for the first time in a month

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By David Freitas, Tyler Davies
24 Aug 2020

The bank bond market burst back into life on Monday, with BNP Paribas and Commerzbank shedding light on favourable pricing conditions in euros following the summer break.

The issuers opened books for the first FIG deals in euros since July 22, more than four weeks ago.

BNP Paribas was selling a non-preferred senior bond, while Commerzbank was bringing a trade in preferred senior format. 

There had been some debate as to whether deal ...

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