Sunshine in autumn as even late Nov yields bumper corporate crop

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Sunshine in autumn as even late Nov yields bumper corporate crop

Autumn sunshine from Alamy 29Nov19 230x150
KDRJ9J Sunny autumn in countryside | Alamy Stock Photo

Companies surprised the European bond market this week by issuing nearly €8bn of bonds that sailed through the market, obtaining big orderbooks and requiring minimal price concessions. Bankers had thought the market was starting to look worn down for the year, and were not expecting as much supply. When it did come, they thought some of the deals would struggle.

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