IG bond market may be closed till May
Corporate bond bankers are bleak about the possibility of high grade issuance for the next two weeks, as long weekends and market volatility hit volumes in the market. While activity in the high-yield market continues apace, the investment grade market has ground to a halt for the rest of the month.
Although nearly Eu3bn of investment grade and crossover corporate debt was priced last week, the market has now quietened down as the Easter break approaches.
Last week, several borrowers had planned to come anyway and then the market was in good shape, said a corporate bonds banker. This
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