Deutsche Bahn goes it alone as issuers await market confidence

June 22, 2011 12:00 AM

Markit's iTraxx European indices were all wider on Wednesday morning, in spite of the Greek confidence vote on Tuesday. But they had fallen ahead of the vote and are still down on last week. If confidence returns, the braver corporate bond issuers may revive plans to issue this week. So far there has been nothing major on the screens in corporate bonds apart from Tuesday’s surgical raid by Deutsche Bahn, bluest of blue chips, which raised Eu500m of five year money with a deal aimed partly at retail investors in Germany, Italy and the Nordic region.

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