Delayed rally sparks FIG flurry
FIG issuers wasted no time getting deals on screen after Tuesday’s rally, with BNP Paribas and Zurich Insurance finding enthusiastic demand for senior unsecured deals. While the causes of Tuesday’s rally perplexed syndicators — they attributed it to a delayed reaction to Greek elections, combined with an increased expectation of policy action — there was no doubting the strength of demand for FIG paper.
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