FMS-W ups 2017 target as SSA banks prepare for mandate fight
FMS Wertmanagement has upped its funding requirement for 2017 by more than 50%, a move that is likely to gladden SSA bankers who are expecting a bunfight for mandates come late summer.
The German agency on Tuesday raised its target for the year to €19bn from €12bn, having already reached €15.4bn of funding by the end of July and hitting €16.2bn by Thursday.
“The market conditions at the start of the year were very good and there was strong demand
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