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DealsOctober 1 2012

Five a day keeps Barclays bond team healthy

Windows for bond issuance were fleeting during the second quarter of 2012, but the Barclays public sector team opted to jump in with five tranches of debt on one day.
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Five a day keeps Barclays bond team healthy

While Barclays has been getting recognition for overall achievement in the debt capital markets, its sovereign, supranational and agency (SSA) team surpassed itself this summer when it was joint bookrunner on no less than five benchmark deals on the same day. To do it, Barclays had to convince itself that this was not only feasible but also fair to its clients.

It has been an uneven year in the bond markets, to say the least, reflecting the ebb and flow of fears about the world economy in general and the eurozone crisis in particular. The first quarter saw an explosion of issuance after the European Central Bank (ECB) deployed the first of its long-term refinancing operations (LTRO), to provide more liquidity for banks.

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