ECB gifts periphery with funding bonanza
Issuers benefited from ideal market conditions for senior unsecured trades this week, with spreads rocketing inwards following the European Central Bank’s decision to cut rates last week. While the sharpest part of the rally may be over, issuers are expected to enjoy an easy ride for the foreseeable future as syndicate bankers expect spreads to grind even tighter.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: