A nervous FIG market not conducive for supply
So far, June is not shaping up to be the most promising month for the European financial institutions market. With Bradford & Bingley on Monday announcing a restructured rights issue due to poor trading results, and a raft of downgrades for some US broker dealers on Tuesday, the market has been jittery and there have been no issuances of benchmark size. To find out more about how borrowers and investors are reacting to the market conditions, read EuroWeek this Friday.
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