Dollar market gives European banks precious lifeline

摘要

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. BARCLAYS, BNP PARIBAS and LLOYDS BANKING group met strong demand from investors, allowing them to print large benchmarks despite coming up against competing supply from domestic issuers.