BFCM shows the long end is open

By Tom Porter
21 Nov 2013

Banque Federative de Crédit Mutuel has shrugged off concerns over demand for long end paper from core European borrowers to launch the first 10 year trade from such a credit since the summer.

Banks that have printed seven year deals in recent weeks have also considered the 10 year maturity, said bankers, but decided against it because of the limited pick-up over shorter maturities it now offers investors.

It is a month since the last euro senior unsecured 10 year,

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial