US corporate market strong to the end of the season
Amazon dominated US corporate bond issuance this week, but aside from the online retailer’s $16bn jumbo deal, there was over $8bn of paper from five other issuers. However, bankers believe this will be the last week of material supply before the annual two week break in the US market.
Issuers brought deals and investors were at their desks ready to buy. The looming spectre of Amazon did not deter the three issuers which brought new deals on Monday, nor investors from buying the bonds.
Philip Morris offered more tobacco exposure, following British American Tobacco’s $17.25bn
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