Banks rush to print in booming market

Bank Rush
By Nathan Collins
15 May 2014

Syndicate bankers hailed a return to form for senior debt this week, following a string of blowout deals. Given a week with no holidays to disrupt the market, financials reacted with gusto and printed around €12bn of senior debt, with investors stepping up to absorb the tide of issuance.

“April was a bad month,” said one London based syndicate head. “You had weeks ruined by holidays, there just weren't that many windows. There were some bad macro headlines which didn't help. Now that things are back to normal it seems like anything will sell.”

The belly of ...

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