Spread movement discouraging issuers in senior

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Spread movement discouraging issuers in senior

Uncertainty over the economic outlook for peripheral Europe hurt the senior unsecured market on Monday, with rising yields in Spanish and Italian government debt putting pressure on secondary cash spreads. Bankers said none of the senior transactions issued over the past months were tighter than re-offer, adding that issuers were discouraged from primary issuance by the widening, even though the market was still open.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article