IG bond market enjoys summer renaissance

Europe’s investment grade corporate bond market is unusually vibrant for the time of year, with €6.5bn of issuance this week, including jumbo deals from Daimler and AT&T. Issuers chose to pounce upon market conditions more resplendent than earlier in the summer, rather than take the risk of waiting until September. Now more companies are expected to exploit this issuance window. Aidan Gregory reports.