Webinar: Outlook for European bank and corporate hybrids
Surging inflation and rising interest rates put the high in hybrids in Europe in 2022, at least as far as coupons were concerned. Banks took the shift on the chin. Companies shied away from the market. But with bank profitability on the rise, and both banks and companies eager to protect credit quality in tougher economic conditions, will refinancing drive a new surge in hybrid bond issuance in 2023?