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Corporate BondsHigh grade and crossover bonds

JAB prices 37bp wide of A2A SLB despite better rating

AdobeStock_credit_rating_575x375_12Jan2021

The disparity between ratings and spread levels was highlighted in the euro high grade corporate bond market on Wednesday, after German conglomerate JAB Holdings opened books on a deal 40bp wide of lower rated Italian utility A2A, despite the same maturity and size.

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