No book needed for Ico’s €1.5bn but Fade benchmark talks flop
The contrasting fortunes of two Spanish sovereign guaranteed borrowers this week demonstrated both the rewards on offer to those willing to price in line with investor wishes and the fragility of peripheral SSA markets for those who decide to resist.
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
