UBS and Santander test three points on senior curve
UBS and Santander Consumer Finance found a combined €8.15bn of demand across the senior curve on Monday, printing deals between five and twelve years in tenor. With market conditions good, bankers expect more deals to follow.
“Borrowers are emerging out of [earnings] blackout and market conditions are good,” said one banker away from the day’s deals.
“Certainly, if an issuer has completed its reporting, now is a good time to get a foothold in the market.“All markets — sterling, dollars and euros — are ...