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Corporate BondsHigh grade and crossover bonds

Michelin gets blowout demand for €1.5bn trade

AdobeStock_Michelin_575X375_Oct2020

Compagnie Générale des Etablissements Michelin, the French tyre company, won more than €10bn of demand for its €1.5bn bond issue on Monday. Now a growing number of corporate bankers expect to see European high grade spreads return to pre-Covid 19 levels.

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