FMS-W ups 2017 target as SSA banks prepare for mandate fight

Euro 230x150
By Craig McGlashan
10 Aug 2017

FMS Wertmanagement has upped its funding requirement for 2017 by more than 50%, a move that is likely to gladden SSA bankers who are expecting a bunfight for mandates come late summer.

The German agency on Tuesday raised its target for the year to €19bn from €12bn, having already reached €15.4bn of funding by the end of July and hitting €16.2bn by Thursday.

“The market conditions at the start of the year were very good and there was strong demand ...

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