Comcast and Motability revive sterling market
The sterling corporate bond market saw its first investment grade supply since late September this week, with Motability, Comcast and France Télécom issuing deals that all traded strongly in the secondary market, despite the volatility surrounding Ireland’s fiscal crisis.
This weeks deals were the first sterling investment grade corporate bonds since Spanish telecoms firm Telefónica issued a £400m 19 year note on September 23.
"It goes to show how much demand there is for sterling corporate paper," said a syndicate banker in London, referring to the success of
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