BPCE keeps senior supply flowing as euro market softens

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By Tyler Davies
22 Feb 2021

BPCE found plenty of demand for a long-dated senior deal in euros on Monday, even as secondary spreads drifted wider.

Bankers blamed the underperformance in the euro FIG market on a recent surge in supply.

Issuers combined to print €7.8bn of senior funding last week, making it the busiest of the year so far.

“This market is self-regulating,” said a FIG syndicate banker. “Given that we have just ...

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