Japan Tobacco and Bel refill thinning bond pipeline
![A picture taken on Oct.10, 2018 shows a Company Logo of Japan Tobacco Inc. in front of its Head office in Minato, Tokyo.( The Yomiuri Shimbun via AP Images )](https://assets.euromoneydigital.com/dims4/default/3cb6c7b/2147483647/strip/true/crop/4000x2577+0+0/resize/840x541!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F1c%2Fd5%2F2b0f386749f88724d402fdf63253%2F2nwghb1.jpg)
March madness deal flow slows but conditions remain solid for IG companies
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