Expectations too low for 2013 supply
Redemptions are set to rise by 58% from €99bn in 2012 to around €160bn in 2013 but January may still not be very busy, bankers told The Cover. However, with core issuers able to fund more cheaply in the market than via the ECB, and peripheral issuers under pressure to do deals, supply expectations may be too pessimistic.
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