Home is where the bid is, FIG bankers tell issuers

24 Jun 2012

With a strong performance by recent deals failing to convince other senior unsecured issuers to hit the market on Monday, bankers were advising FIG borrowers to consider targeting their domestic investors if they wanted to print deals before the summer.

Despite indications last week that investors still had plenty of cash to put into new issues, there was little sign of primary supply on Monday as markets edged wider.

BNP Paribas’ five year and Zurich Insurance Company’s 10 year, both priced last Wednesday, were 8bp tighter than re-offer ...

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