Tuesday treble follows manic Monday in corporates
Two weeks ago four investment grade corporate bond deals totalling €7.4bn were priced on the Monday, but that resulted in the rest of the week being starved of supply. This week however, the five deals that printed on Monday were followed by three more new deals on Tuesday.
Spanish infrastructure operator Ferrovial delivered its debut hybrid bond using a Dutch issuing entity, following an investor call on Monday. The company would have been buoyed by the recent debut hybrid success of French food supplier Danone and the tight pricing achieved by Eurofins on Monday.
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