Good news high wears off as senior issuers take stock
The periphery’s national champions came back to the senior market in force this week on the back of a strong rally after the European Central Bank’s Outright Monetary Transactions programme announcement. But hopes that the market would open for second tier names took a hit as a poorly regarded Banca Monte dei Paschi di Siena trade only just got away.
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