ECB booster drives senior to success after success

By Nathan Collins
11 Sep 2014

The senior FIG market enjoyed a barnstorming week in euros. A combination of a positive market tone following last week’s European Central Bank meeting and high levels of cash at investment houses allowed issuers to rack up large order books while pricing at competitive levels.

“The market’s on fire, there’s plenty of liquidity out there for any deal that comes at a sensible price,” said a FIG syndicate head.

The bullish sentiment benefited a brace of seven year senior deals on Tuesday, with JP Morgan and Finland’s Sampo selling comfortably oversubscribed deals tight ...

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