More senior FIG to come despite weak trading for 10 year trio

By Nathan Collins
15 May 2014

The long end looked to be the sweet spot for a trio of FIG issuers this week, as BNP Paribas, Crédit Agricole and Citi all sold blowout 10 year deals. BNP Paribas and Crédit Agricole were the first to market and Citi followed suit with a bumper book on Thursday, despite the French duo’s deals widening in trading.

More banks are likely to look to the long end of the curve in the near future, according to syndicate officials. Investors expect rates to remain low, making them more likely to look at the long end of the curve.

The hunt for duration has been exacerbated by ...

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