Issuers must adapt to new reality of funding costs, say bankers
With no end to the senior unsecured funding drought in sight, bankers on Tuesday said issuers needed to face up to wider spreads and higher new issue premiums for primary issuance. The Eurozone debt crisis has stifled activity in the bank funding market and deals are thin on the ground — only three new issues have been priced since the first week of June.
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