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GIVEN THE YEAR that their debt markets have just had, European FIG bankers could be forgiven for feeling slightly anxious about their business. In the first quarter of this year senior unsecured FIG issuance was down by 22%, global subordinated was off by 10% and the European bank sector reportedly faced a €1 trillion financing hole. But when Euromoney visited some of the most highly regarded teams in this year’s primary debt survey in May, the mood was positively upbeat.
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