Sandvik pulls LM deal, others wait on sidelines
The market rally on Wednesday came too late for Sandvik, the Swedish engineering firm, which cancelled its bond buyback and new issue on Tuesday, faced with deteriorating market conditions. Markit’s iTraxx Europe index closed that day at 208bp, its highest this year.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
