FIG issuance keeps pace as senior sales soar
European banks have been busy in the credit markets in 2021, despite fears that rising deposits and cheap central bank money would eat away at issuance volumes. Sales have been boosted by a sharper focus on senior debt and a pivot towards dollar transactions.
Analysts had been forecasting a bleak year for bank debt issuance in 2021.
But the latest figures show there has been plenty of supply for FIG debt capital markets practitioners over January and February.According to Dealogic, European banks priced about $90bn equivalent of unsecured debt in euros ...