Greek vote scares US issuers out of market
US companies played it safe in the bond market this week — wisely, as investors gave the 14 deals that did appear a mixed reaction. Setting the mood was Greece’s impending second general election, which could decide whether it stays in the euro.
Some $8.8bn of deals were priced between Monday and Thursday, as most borrowers that needed to tap the market did so against a volatile backdrop.
Last weekends announcement of a Spanish bank bailout and worse than expected US retail data focused investors minds on high grade corporate credit,
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