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Senior Debt

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Four banks squeezed $12.5bn of funding into Wednesday's window
FIG
Unsecured issuance absence in euros and sterling resembles past market shock closures, but broader markets remains open
◆ Second foreign FIG deal in Swissies since the start of Iran war ◆ Market offers quick execution despite uncertainty and volatility ◆ BPCE funds close to its euro level
US banks were the biggest issuers of unsecured debt in euros, paying a premium for jumbo multi-tranche trades
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