FIG issuance on hold amid Syria concern

By Will Caiger-Smith
28 Aug 2013

After deals from Wells Fargo and ANZ Bank on Tuesday, FIG issuers stepped back from the primary market on Wednesday with bankers citing concern about possible Western military intervention in Syria as the reason why borrowers have put their plans on hold.

The deal pipeline continues to develop and plenty of issuers are understood to be planning deals. Macquarie Bank on Tuesday announced a euro roadshow next week, and would have been encouraged to see Wells Fargo’s €1bn seven year senior deal, which was priced at 60bp over mid-swaps, ...

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