Scant comfort for FIG market from ECB virus response

David Freitas

March 12, 2020 07:15 pm

ECBRain_PA_575x375 — 10 March 2020, Hessen, Frankfurt/Main: A woman walks across the Iron Bridge in the rain. Behind it is the headquarters of the European Central Bank (ECB). At the ECB there is a first confirmed case of coronavirus in the staff. One team member has tested positive for the novel pathogen, the central bank announced. Photo: Frank Rumpenhorst/dpa | Frank Rumpenhorst/DPA/PA Images

The European Central Bank failed to cheer bank debt investors with a stimulus package at the end of a difficult week that saw credit spreads soar. However, some analysts think that the ECB offered more than was immediately apparent, with its moves amounting to €800bn of capital relief.

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Senior Debt Health and Biotech Europe Rabobank EMEA SRI FIG

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David Freitas