◆ Specialised lender issues first subordinated note in a decade ◆ Deal sees strong take up from investors as they find value ◆ GlobalCapital speaks to Aareal’s treasurer
◆ Italian bank returns after years of calls but no replacements ◆ Tight pricing cemented on super-scarcity status ◆ Austria’s Bawag gearing to increase capital with new issue and tender
◆ Corporate bond issuers swarm on new measure of success to chagrin of their banks ◆ An utter riot at one end of the credit spectrum for bank debt... ◆ ... while investors take their sweet time at the other end
