BPCE keeps senior supply flowing as euro market softens
BPCE found plenty of demand for a long-dated senior deal in euros on Monday, even as secondary spreads drifted wider.
Bankers blamed the underperformance in the euro FIG market on a recent surge in supply.
Issuers combined to print €7.8bn of senior funding last week, making it the busiest of the year so far.“This market is self-regulating,” said a FIG syndicate banker. “Given that we have just ...