Citi placed $3 Billion worth of 5 year senior notes on Tuesday at 6.51%, nearly 80 basis points higher than the recent average spread-to-treasury level for a bank issuer with an equivalent rating.
JP Morgan is selling $1.6 Billion in perpetual securities today at a yield of 8.63%, the low end of pricing where the paper was being marketed by 12.5 basis points. The glass-half-full crowd are happy to see that the paper is getting placed.
Andrew Barber
Director
JP Morgan is selling $1.6 Billion in perpetual securities today at a yield of 8.63%, the low end of pricing where the paper was being marketed by 12.5 basis points. The glass-half-full crowd are happy to see that the paper is getting placed.
Andrew Barber
Director
- Liquidity tap, drip drip...
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