January so far has been dire for corporate new issuance in Europe. Even the most cautious of market participants could not have envisaged deal flow being this bad. By January 20, there had been eight corporate investment grade and high yield issues in euros, sterling and Swiss francs, totalling €6.4bn. By the same point last year, the figure was €21.8bn.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.