Issuers get picky as confidence returns to CP
Issuers are growing in confidence, said European commercial paper dealers this week, and are becoming ever choosier about prices and maturities as the panic to find funding dies down.
"A week ago, there were issuers you could go to that if you wanted paper even on the slightly generous side of pricing you could get it," said one ECP dealer in London. "But thats changed now as the banks arent worrying as much as they were."
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