European sub-financials shake-off Santander AT1 shock, outperforming senior fins and corps

By Dan Alderson

Wednesday, February 13, 2019

Santander’s decision yesterday not to call a €1.5 billion additional tier one (AT1) bond shocked investors in the asset class. But while this may have been expected to bring a wider reverberation of pain, investors and strategists have noted a firming up of the European financial bond sector today

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TAGS: CDS Europe High yield bonds Investment grade credit Credit derivatives Santander

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