Time Warner Cable makes a splash in choppy US market

Although the US corporate bond market is still distinctly uncertain, Time Warner Cable made a splash with its $5bn three tranche deal on Monday. Pricing narrowed 5bp-15bp. So encouraging was this that Thomson Reuters brought a $1.75bn two-parter the following day. It struggled a bit more but still had a huge book. Read this week’s EuroWeek to find out how they fared later.