Investors challenged as senior levels tighten

25 Nov 2009

Demand for new senior financial institution bonds showed signs of waning on Tuesday as issuers piled into the market at some of the tightest levels seen for almost two years.

While order books were still covered, the level of oversubscription has not matched recent levels.

“We are beginning to find a bit of a floor in the market and some of the levels we are seeing, we hadn’t seen in something like two and a half years,” said ...

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