Staff
Not so long ago, European bank debt was considered an investment pariah.
In recent weeks, however, the New York Times reports money managers have been readily buying the new bonds of the region’s financial institutions. It says the Bank of Ireland sold off more than $1 billion of bonds on Tuesday.
Read: Europe: An argument for active management
Since European banks have been struggling, these latest deals might bolster their capital levels and balance sheets.
Read more on how capital markets are changing, and why investors need to proceed with caution.
Read: Look to corporates as Europe heals and Good news out of Europe…for once