Weak equities prompt profit taking

Imperial Tobacco and EDF are taking advantage of the continued buoyancy in the corporate bond market today with a dual tranche euro and sterling transaction, and a five year euro deal respectively. Although the market tone has been a little weaker than recent weeks, with the equity sell-off bringing some profit-taking in corporate bonds, the primary market remains well supported, and previous transactions from Lafarge, Ericsson and TVO have performed well. To find out how all the deals in the market this week performed, read EuroWeek this Friday.