Corporates fly into bonds as political risk mounts
The European corporate bond market made a roaring start to the week on Monday with €4.85bn of debt due to be printed. A dual tranche trade from car maker BMW highlighted just how cheaply Volkswagen had to price its €8bn blockbuster last week.
Issuers from across the ratings spectrum hit screens on Monday. Some, such as France’s Teleperformance, came after roadshows, while others dipped into the market as drive-bys.
“Article 50 is being triggered this week,” said a banker working on one of today’s trades, “It’s well flagged,
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