Macro picture rattles FIG market — where does contagion stop?
Across Europe, bank funding markets are feeling the pressure. While FIG borrowers in core markets have squeaked out deals — BFCM, Citi and Rabobank have printed in recent days — conditions are tough for new issuance. With Ireland bailed out, the spotlight is turning to Portugal and Spain. EuroWeek on Friday asks where the contagion stops for the FIG funding market and where opportunities for deals may lie through to year end.
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