BHP, Arcelor lead dollar surge after blackouts
BHP Billiton, the Australian-UK mining group, led a rebound in dollar corporate bond issuance this week as borrowers emerged from earnings blackout to exploit continuing strong demand for investment grade paper.
More than $18bn of supply had been priced as EuroWeek
went to press, with Viacom, ArcelorMittal and CSX Corp all selling benchmark deals on Thursday.Borrowers continued to enjoy high levels of oversubscription, enabling syndicate desks to price aggressively. Demand was keen across the curve, from the long end
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