Borrowers crack code to post-crisis euro market

April 02, 2012 12:00 AM

The euro market has recovered from the dark days of late 2011 when it was shut to even the most admired issuers. Liquidity has returned, spreads have tightened and borrowers have rushed to get ahead of funding targets. But as Philip Moore reports, the recovery remains fragile and issuers are well advised to be pragmatic and grasp opportunities.

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