Bank duo finds demand at opposite ends of the curve

Commerzbank_Adobe_575x375_12November2020
By Frank Jackman
04 Mar 2021

Commerzbank and Crédit Mutuel Arkéa shared the spoils in the senior market on Thursday, with the pair tapping opposing ends of the curve and vastly different pools of investors.

“There was no competing supply,” said a banker involved with the Arkéa deal. “The other senior financial out on Thursday was short dated, and so targeted a vastly different pool of investors. Our longer dated deal skewed more towards the continental European insurance community, for example.”

Many financial ...

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