CS, Deutsche taps swell to benchmark sizes amid scarcity

By Graham Bippart, Nathan Collins
21 Aug 2014

Credit Suisse and Deutsche Bank each tested the depth of the senior unsecured primary market this week with taps of existing bonds, with both finding enough demand to increase their respective deal sizes to benchmark size.

It had been nearly a month since any senior paper was offered up to buyers of European financial institutions' debt, and the added threat of the European Central Bank’s Targeted Long Term Refinancing Operations to further senior supply for the rest of year, especially in medium term paper, ...

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