Record primary issuance in August (€60 billion)
Santander : Record primary issuance in August (€60 billion), 43% higher than the previous record in 2018, which is starting to drag down secondary issuance, also affected by attractive NIPs. In fact, €22.5bn was issued on Tuesday and Wednesday alone in what is set to be the highest volume in a week since May. The fear of more frontloading, even in less stable markets, is also a matter of concern…
