Pipeline building for a bumper May as investment grade market slows for Easter
While the investment grade corporate bond market looks set to remain quiet until the end of the month, May is likely to bring a burst of new issuance to the market. Already borrowers, including Paccar Financial Europe and Western Power Distribution, are arranging roadshows for after the long bank holiday weekends.
"The first week of next month is going to be busy," said a banker in London. "Plenty of companies will have already come out of blackout periods and will be keen to come to market."
Electricity distribution firms Western Power Distribution East Midlands and Western Power Distribution West Midlands
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