EU lifts ban on eight banks barred from bond sales
20 June 2021 - 18:47
Brussels — Eight banks previously excluded from syndicated debt sales backing the European Commission’s up to €800bn Covid-19 recovery fund will be allowed to take part in future issues, the EU executive says.
The EU did not name the banks reinstated but a commission source said Nomura, UniCredit, Credit Agricole, JPMorgan, Citigroup, Barclays, Bank of America and Deutsche Bank can take part in the next syndicated debt sale. The source said the reinstated banks were included in a request for proposals issued on Friday, a precursor to the next bond syndication for the recovery fund...
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