FIG supply likely to be light after sell-off

By Nathan Collins
16 Oct 2014

Market volatility and a sharp downturn in sentiment kept FIG supply light this week, with just Deutsche Bank choosing to access the market in euros, tapping a seven year note. Expectations are for supply to stay light given the sudden sell off across many asset classes that followed weak US data on Wednesday afternoon.

Syndicate managers suggested early this week that US and Asian banks could expect a warm reception in euros, but the sell-off may encourage issuers to proceed with caution.

FIG paper — particularly subordinated products, but also senior debt — traded wider on Wednesday and Thursday, though levels did ...

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