Loans bankers in shock as EM and peripheral IG loan prices clash
Senior loans bankers have declared the identical prices paid by a Russian oil firm and a Spanish utility on recent loans a clear sign of a freewheeling price squeezing trend in emerging markets that is expected to last well into next year, write Michael Turner and Olivier Holmey.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: