Sterling market shows it is still going strong despite super supply
The sterling corporate bond market took until Wednesday to join the issuance frenzy the euro market had enjoyed in the first half of the week, but three deals in two days reminded issuers and investors that it is still an option to be considered into the end of 2017.
“We have seen a lot of supply relative to last year,” said a syndicate banker at a UK bank. “Sometimes UK investors send a message that they have bought enough sterling by buying other currencies instead of sterling, but at the moment they are still buying sterling.”
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