Big investors show their appetite, snapping up Wessex Water tiddler

A week into August, corporate bond syndicate bankers are convinced new issues can still be done, in both continental Europe and the UK. Wessex Water, the UK utility, technically proved that today with a successful £100m tap of its 2021 bond. But the deal’s small size means it may not be enough to convince other cautious issuers to press the launch button.