BPCE and Erste underline demand for senior debt

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By David Freitas
09 Sep 2020

Senior deals from BPCE and Erste Group Bank this week benefitted from enthusiastic investor support amid a shortage of supply in the asset class.

Issuers have been focusing on subordinated trades in recent weeks amid favourable conditions in the euro market.

But sentiment has weakened since the end of last week. Credit indices for European senior and subordinated financials widened during the week, widening by 5bp and 7bp by Thursday, according to ...

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