Corporate bond week ahead: investor demand ensures roadshow calendar refills
Corporate bond issuance volume in Europe this week was lighter than previous weeks. However, there were still seven issuers that priced deals. The main difference this week was the size of deals. Nestlé’s €850m eight year transaction was the largest one to print, but most order books were still at least twice oversubscribed as investors showed little sign of slowing down for the summer.
Bright Food, Digital Realty and London & Quadrant completed deals following roadshows, which combined to empty the pipeline somewhat. However, it has since been replenished with a new issue and two roadshows already planned for next week.
Steinhoff, the South African-based furniture and household goods retailer, ended
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