Merck, Arcelor catch bullish wave after US-China detente

Alex Radford

July 01, 2019 05:00 pm

MerckLogo_PA_152x230 — 14 June 2019, Hessen, Darmstadt: The flags of the Darmstadt-based chemical and pharmaceutical company flutter in the wind. Merck is regarded as the oldest pharmaceutical and chemical company in the world. Photo: Andreas Arnold/dpa | Andreas Arnold/DPA/PA Images

A renewed appetite for risk was felt in Europe's corporate bond market this week, after US president Donald Trump appeared to have made overtures to the leaders of China and North Korea. Two issuers took advantage: Merck of Germany, with an acquisition financing, and ArcelorMittal, with a modest tap.

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Topics

JP Morgan BNP Paribas Commerzbank Europe Crédit Agricole UniCredit EMEA Corporate Bonds Société Générale Goldman Sachs

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Alex Radford