BFCM goes short in senior pref

By Frank Jackman
29 Mar 2021

Banque Fédérative du Crédit Mutuel (BFCM) kicked off FIG issuance in the last week before Easter, dropping into the euro market to print a new five year preferred deal.

“We should have good demand this week,” said one banker away from the day’s deals. “The market firmed up at the end of last week, which is good sign for the market, even with the broken week.”

The iTraxx senior financial index settled in the low 61bp area ...

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