Banks recycle LTRO cash as senior flurry continues
Bank investors hoovered up short end paper in Wednesday’s senior unsecured offerings, with DCM bankers saying many treasurers were looking to put to work the three year money they took in the European Central Bank’s long term refinancing operation (LTRO) in December.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts