Low yields fail to sway corporate bond borrowers
Europe’s corporate bond market has had a deathly quiet August, with only one deal issued. But although supply will pick up, it won’t to the extent that most corporate bankers hope. Europe’s borrowers simply won’t be tempted by low absolute yields.
Europes corporate bond bankers will hardly be upset to see the back of August. A mere Eu500m of paper was sold in the primary market over the course of the whole month. Even the Swiss franc market had more corporate supply.
But bankers are unconvinced euro corporate issuance will
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