Corporate bond investors just can’t get enough of the weird and wonderful
The European corporate bond market has seen a flurry of first time issuers in the past few weeks, some of them names that syndicate bankers admit they have never heard of. If the success of recent deals is anything to go by, that supply is unlikely to slow.
Corio, a Dutch commercial real estate firm, and Akrema, a French chemicals company spun off from Total in 2006, issued Eu500m debut bonds last week. This Tuesday, Sias, an Italian toll road operator, did the same.
While first time deals have hardly been rare in the corporate bond market
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