FIG kicks into gear, but obstacles to issuance remain
A previously sleepy FIG market awoke with a start on Wednesday morning, with ASR Nederland, Credit Suisse and Westpac New Zealand all mandating for new issues. While a burst of supply on Wednesday is an encouraging sign, syndicate bankers have cautioned against expecting a sustained rush of supply, with the upcoming asset quality review and releases of third quarter results likely to constrain further issuance.
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