No end in sight to corporate shut-out

October 15, 2008 12:00 am

Although Tesco’s £100m tap last week was essentially a private placement to one investor, it showed at least that there is life in the corporate bond market yet. But as positive news flow turns negative once again, the mandates bankers had been working on Monday and Tuesday are less likely to materialise and we could go through yet another deal-less week.

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