The lender is the first of the six biggest US banks to brave the corporate bond markets since a series of bank failures in March sent risk premiums on financial debt soaring.
From Bloomberg: Beleaguered U.S. regional banks are assessing whether bond sales to replace lost deposits are worth the cost, as credit investors weigh whether they're worth the risk. The arrival of quarterly bank earnings reports on Friday, April 14, spurred speculation on which financial institutions will brave an unpredictable bond market.