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Latest news
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The enthusiasm for bank bonds showed little sign of abating last week as subscription ratios rose, allowing issuers to push on pricing -
Another big week of issuance but no sign of investor strain
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Issuers made the most of pent-up demand in what may be the final flurry of new issuance for the year
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The few issuers that braved the market last week proceeded gingerly
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Borrowers got deals away but the high costs will deter others
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Shorter durations, higher concessions and smaller books spell trouble
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Higher risk issuers coughed up big premiums to get deals away
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The search for safety turns investors to covered bonds
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A short spell of stability meant a flurry of companies could draw investors into their bonds in euros
