The outlook for the bank funding market was suddenly far brighter on Thursday evening than it had been for several weeks with Europe’s finance ministers on the brink of agreeing a Greek rescue package. But spreads are still high, and any deal agreed is unlikely to be the last. Banks could be looking at a difficult September.
And for those issuers with cash left to raise among them peripheral European institutions which have experienced sharp spread widening in recent weeks the pressure is mounting. But with senior unsecured spreads only just coming back in from historic wides, bankers say issuers will have to
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.