Euro corporate investors’ euphoria is fragile
Last week was a huge one for European corporate bonds, which showed that there is plenty of appetite for new issuance and the market is fully open. But issuers would do well not to rush it: investors are still edgy.
European investors are showering corporate bond issuers with money. Last week was the busiest in the market this year, with Eu7.3bn of deals, many of them heavily oversubscribed.
How can this bonanza be happening, so soon after a so-called credit crisis, in which three European banks needed rescuing and
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