Corporate bond week ahead: a blip or something more serious?
20 deals priced in European corporate bond markets this week, but the secondary market widened as equities fell on Thursday. Some of Thursday’s deals felt the effects of this in their bookbuild processes, and no deals were launched on Friday. So is this a temporary blip, or a more permanent widening?
“We saw things slightly softer yesterday,” said a syndicate banker in London. “But I suspect we will revert to the long march tighter rather than this being a pull back.”
“Aside from the BASF deal, most deals have been a broadly modest size,” he said. “So I
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