Suez alone as corporate bond juggernaut hits Easter speed bump
Corporate borrowers have taken their foot off the gas after weeks of frenetic issuance, though bankers expect a resurrection of the busy schedule once the Easter break is over.
French utility Suez cut a lonely figure in the markets on Monday with a €600m no-grow perpetual non-call seven year hybrid trade.
The A3 rated issuer has set the final yield 37.5bp inside initial price thoughts at 2.875%.
“The market is still remarkably
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