Porterbrook squeezes into half-day window

Windows of opportunity in the corporate bond market have shrunk from lasting for days to only a few hours as borrowers learn to take fleeting chances to raise funds. Porterbrook Rail Finance’s dual-tranche sterling deal was squeezed in on last Friday morning, just before non-farm payroll numbers were released in the US, but sterling investors showed that they had money to put to work as the book grew to more than £1bn. To find out more, read EuroWeek this Friday.