Corporate volumes slump despite pleas for more issuance

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By Michael Turner
16 Feb 2017

The few IG rated corporate bonds that hit screens this week saw a rapturous reception from investors, but bankers reckoned volumes are only due to drop in the coming days despite calls from all sides for issuers to print debt sooner rather than later.

Smiths Group was the clearest example this week of investor clamour for corporate paper. The issuer on Thursday returned from almost two years out of the market to print €650m of 10 year bonds from a book of more than €4.25bn, while printing with zero new ...

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