Animal spirits stir in corporate Europe

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Animal spirits stir in corporate Europe

January 18, 2012 12:00 AM

Europe’s corporate bond market may not yet be in rude health, but it is certainly convalescing very nicely. CRH, the Irish building materials group rated Baa1/BBB+, has launched a €500m seven year bond on Wednesday and guidance has already tightened to 317bp-323bp over mid-swaps. That is the first public issue in a European currency by an Irish company for almost two years.

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