Unpredictable markets as buyers favour hard core
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FIG

Unpredictable markets as buyers favour hard core

Core European FIG borrowers are increasingly being divided into two camps — the “soft core” and the “hard core”, said bankers on Wednesday. With secondary spreads widening even for banks from traditionally core jurisdictions such as France, buyers are picking up clips from strong names such as Svenska Handelsbanken and Nordea, while peripheral institutions suffer.

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