Market shrugs off volatility as senior goes strong, more to come

By Nathan Collins
23 Oct 2014

The senior unsecured FIG market underwent a strong recovery this week after a shaky patch following poor US data last week. Not even the impending release of the European Central Bank and European Banking Authority’s comprehensive assessment results on Sunday could stop issuers successfully tapping the senior market, and bankers are hopeful of more supply next week.

“Looking at this week’s deals I think people will be laying plans for next week,” said a FIG syndicate banker. “Nobody can predict what Sunday will bring but, if it’s good news, issuers will want to be ready to hit the market.”

A trio of US lenders made ...

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