Bond issued by First Republic Bank FRC were rallying on Thursday as investors digested a report about a potential rescue plan for the California-based lender.
The lender’s 4.375% coupon bonds due August 2046 were pegged at a spread of 379 basis points over risk-free Treasurys, rallying about 100 basis points, according to MarketAxess.
Rose is a name that comes with an epic description for technology geek. She loves decoding things that are new in the technological advancement sector. She has been contributing interesting news from technology section.