Europe’s trickle of unrated deals contrasts with Glaxo, BP megadeals in US
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Corporate Bonds

Europe’s trickle of unrated deals contrasts with Glaxo, BP megadeals in US

Europe’s corporate bond market showed some glimmers of life today as two unrated companies announced roadshows. But these flickers are as nothing compared with the blaze of deals in the dollar market, where GlaxoSmithKline yesterday broke a three year absence from the bond market with a $5bn blowout.

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