Apple’s high stakes thrill even rivals
Investment bankers are not always the most charitable people. Any slip-up on a deal can be seized on by rivals and exploited, to further their own desperate ambition for the issuer’s next mandate.
Some parts of the market enjoy this backbiting more than others you know who you are, emerging markets DCM teams.
This weeks $17bn Apple bond might have been an easy and tempting target. Bookrunners Goldman Sachs and Deutsche Bank pulled off the galling feat of sharing
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