Banks enjoy last hurrah ahead of difficult winter

By Bill Thornhill
08 Oct 2020

Deal arrangers expect bank bond supply will peter out after a flurry of deals this week. Issuers have been enjoying fantastic conditions, but most of them have finished their funding plans early so they can lay low throughout a much-feared fourth quarter. Tyler Davies and Bill Thornhill report.

Ten banks had printed nearly $8bn-equivalent of debt in dollars and euros by Friday morning, adding to the $9.1bn of supply that arrived in the market last week. 

The flurry of issuance may be the last burst from financial institutions before the start of 2021. 

European ...

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