European FIG pair go long with subordinated dollars

By Frank Jackman
05 Jan 2021

Standard Chartered and Crédit Agricole jumped into the long end of the yield curve on Tuesday, as the pair looked to harness the desire for long-dated dollar debt.

“There’s an appetite for duration in dollars, especially in subordinated debt,” said one syndicate banker away from the deals.

“As long as the front end is negative yielding, real money, lifers and insurance accounts will go for the longer dated products.”

Standard Chartered has turned to ...

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