Expectations of ECB tapering spark demand for triple-Cs
Corporate issuers of triple-C rated bonds have finally found a reason to enter the primary market, as investor expectation over the chances of the European Central Bank raising rates has opened a window for them in July.
The European high yield bond market is on course to price €1.5bn of new triple-C rated notes in just seven days. That will be three times the volume of comparable issuance placed in the first half of the year, according to Dealogic data.
Last week, investors
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