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Corporate BondsHigh grade and crossover bonds

Mercialys pricing poser shows difficulty of gauging market

Mercialys 230x150

Mercialys, the BBB rated French shopping centre owner, launched a sub-benchmark bond with an eye-catching yield on Tuesday, wider than a simultaneous deal by Fiat Chrysler, which is crossover-rated. Syndicate bankers said trying to be precise about pricing and sentiment this week was more difficult than it had been for months.

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