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The Daily Capital Markets Digest
A busy March pushed up Q1 issuance volumes in the European structured finance space to a decent total of around €22bn-equivalent of bonds placed. This covers all asset sectors, including consumer assets, CLOs, CMBS and secured corporates.
Saft: Britain’s lesson may soon be that politics will matter again.
Poland sold its first international bond of the year on Monday and its first in euros in nearly 15 months.
Four corporate borrowers grabbed the opportunity to tap the market today, after Tuesday’s strong session saw spreads and orderbooks finally stabilise after a month-long sell off.
The local yokel strategy, born of political imperative, means RBS will miss out on Citizens’ rebound.
Lee Kuan Yew’s legacy will live on in Asia’s capital markets, says Jonathan Rogers.
Anthony Peters is not a fan of firms issuing subordinated debt.
Risks previously created by excess leverage have been replaced by chronic illiquidity risks.
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