Madrid picks funding flash but strategy may cost it dear
The Autonomous Community of Madrid’s decision to complete all its 2013 funding in one fell swoop on Wednesday may have left it paying over the odds, bankers warned on Thursday. They said that, with the rally in the eurozone periphery showing no signs of abating, a more staggered approach to funding could have saved the issuer precious basis points.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
