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PMM: Challenging conditions advance green revolution

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By Johan Lai
08 Jun 2021

Issuance seized up across most markets last week with lower rated FIG and corporate deals staying clear of the primary market as many participants struggled with a combination of low subscriptions and tight spreads. Subscriptions remain deflated but concessions fell across the board as increased selectivity led to more focus on green/sustainable labels.

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By Johan Lai
08 Jun 2021