Borrowers implored to print before PSI panic wreaks havoc
Fears over potential CDS triggers, contagion and further restructuring are likely to soon outweigh near term relief over Greece’s new €130bn bail-out, sovereign, supranational and agency (SSA) bankers warned this week.
Accordingly, public sector borrowers are being urged to keep up their bumper start to the year in case the market buckles under eventual investor disappointment.
"People are starting to worry about the Private Sector Initiative (PSI) results and the market is reflecting that," said a senior SSA banker.
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