MTNs join bank sub-benchmark flurry

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By Frank Jackman
23 Nov 2020

Banks were busy issuing sub-benchmark sized deals in the euro public market last week, prompting several issuers to follow suit in the MTN market.

Smaller deals took over the public market in FIG last week, as five of the nine new public bank bonds priced were smaller than €500m

“Smaller deals are getting a much better reception in this market than they have done in the past,” a FIG syndicate manager told GlobalCapital last ...

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