Helene Durand is deputy global credit editor for IFR Markets and Reuters. She joined Thomson Reuters in May 2011 from EuroWeek. She spent five and a half years at EuroWeek as fixed income editor, and set up the Daily Bank Finance website there. Before EuroWeek, Helene worked at IFR from July 2000 to December 2005. Helene holds a Law degree from Universite de Bordeaux 4 as well as an MA in European Industrial Relations from Warwick University Business School.
Bonds from a number of European banks came under selling pressure on Friday as investors’ concerns around their exposure to Turkey increased.
European banks made the most of a wide-open US dollar market to bring trades ahead of potential volatility in the coming weeks, raising US$8.25bn in senior and Additional Tier 1 debt last week.
A day after a successful senior non-preferred trade, BNP Paribas was back in the US high-grade primary with a US$750m perpetual non-call 10-year - the second Additional Tier 1 trade by an European bank this week in the dollar market.