easy · Debt Capital Markets primary-issuance-syndication
What is the 'winner's curse' in the context of bond auctions (a concept related to market technicals)?
- The risk that the highest bidder pays more than the true market value.
- The penalty paid by a bank for winning too many lead mandates.
- The drop in share price after an acquisition is announced.
- The risk that a borrower is too successful and cannot spend the cash.
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