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Nomura is going it alone in the financials market on Tuesday, opening books on its second senior transaction of the month as it seeks to take advantage of reverse enquiries and attractive funding levels. On this occasion, it is targeting a five-year sterling-denominated transaction.
Banks may have to wait until the new year to fortify their balance sheets with subordinated bonds as the latest bout of volatility gives investors pause on buying riskier debt.
Eurozone banks, facing the prospect of having to completely restructure their businesses to comply with new rules designed to solve too-big-to-fail problems, are gearing up for a fight with regulators.