BAT and CRH show corporate demand in full working order
Busy corporate bond issuance resumed today as banks and issuers gained confidence that the messy bailout of Cyprus was not – for the moment – going to pull the rug from under this year’s strong demand for credit.
Building on the deals on Monday and Tuesday for Volkswagen and Deutsche Börse, British American Tobacco came to market today with a deal that mimicked Siemens pairing three weeks ago of a euro tranche with a shorter Eurodollar one.
And CRH, the Irish building materials group, issued its first
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