No talk of crisis — or premium — at EFSF’s ‘huge European party’
Demand and pricing for the latest deal from the European Financial Stability Facility (EFSF) has made a strong case that the region's SSA sector has put the sovereign crisis behind it — for now, at least. After a first quarter that has been characterised by robust demand and diminishing new issue premiums on bond issues across the SSA and corporate sectors, Europe's bail-out vehicle is set to price on Wednesday a €4bn five year trade that was more than three times subscribed all but flat to its secondary curve.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: