Investors frustrated by TLA but order books show little evidence

Romolo Tavani/Romolo Tavani - stock.adobe.com

Six of the nine investment grade corporate new issues in the last week of February were announced with a three letter acronym that, while providing clarity, served to frustrate investors keen to see greater volumes of issuance. WNG stands for “will not grow” and this week told investors that the meagre sized deals would not be increased, irrespective of demand.